Highlights
- China launched the China-Africa Digital Technology Cooperation Center at a Hangzhou conference attended by 300+ representatives from 18 African countries.
- Beijing extended zero-tariff treatment to all 53 diplomatically recognized African nations, with imports surging 23.5% year-over-year in May–June.
- China authorized Standard Bank and ICBC to operate an Africa-focused RMB clearing arrangement across 19 countries, easing trade settlement.
- The strategy integrates digital infrastructure, trade access, RMB finance, and industrial investment to build a commercial ecosystem around African critical minerals.
- The DRC illustrates the stakes: Chinese firms like CMOC, Zijin, and Huayou hold key mining positions as the West competes for influence.
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