China's Xi promises $50 billion for Africa over next three years

Zhejiang is a major province of private economy and private enterprises are the driving force behind the province's investment and cooperation with Africa. In 2023, exports of Zhejiang's private companies to Africa amounted to 277.25 billion yuan (about 38.97 billion U.S. dollars),

In 2023, the trade volume between Zhejiang and Africa reached 53.9 billion U.S. dollars, ranking in the forefront among the country's provincial-level regions. In the first half of this year, Zhejiang's imports from Africa reached 5.55 billion dollars, marking a year-on-year increase of 12.9 percent,