In 2019,both the inflow and outflow of foreign direct investments in Africa contracted significantly by 10.3% and 34.6% year-on-year respectively. In contrast,China’s direct investment in Africa has fallen even more,reaching 49.8%. Among the five regions,the inflow of FDI in Southern Africa has increased,while the inflow of foreign capital in North Africa,West Africa,Central Africa and East African countries have all declined. The outbreak of the COVID-19 in 2020 has had a serious impact on inward FDI in African countries,and may lead to a further decline in FDI inflows in 2020 and 2021. Facing the common challenges caused by the epidemic,China and Africa should make good use of the platform of the 8th Ministerial Conference of the China-Africa Forum,strengthen effective cooperation in the field of public health,expand the space for collaborative innovation in development models of industries,take active measures to stabilize investor confidence,and make the full use of the institutional arrangement of economic and trade agreements to provides more effective support for the sustainable economic and social development of both sides.
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