Chinese Private Sector Engagement in Africa is Going to be Much More Important in 2021 And Beyond

Over the past several weeks, Chinese officials have convened a series of high profile forums with key African stakeholders in what appears to be an effort to lay the groundwork for next year’s triennial Forum on China Africa Cooperation Summit (FOCAC) that is scheduled to take place in Dakar, Senegal.

Greater participation by Chinese private companies and some State-Owned Enterprises is expected to be a key theme at the upcoming FOCAC — partially in response to the current financial crisis where African access to large amounts of Chinese development finance remains an open question.

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