Analysis of African State-Owned Enterprises Development and China-Africa Industrial Cooperation Under the "Belt and Road" Initiative
DOI:
https://doi.org/10.71222/yr3wvp89Keywords:
African state-owned enterprises, Belt and Road initiative, China-Africa industrial cooperation, infrastructureAbstract
Africa, as one of the regions with the greatest potential for global economic growth, has seen its state-owned enterprises (SOEs) play a crucial role in economic development. However, African SOEs face challenges such as imperfect governance structures, shortages of capital and technology, and intense market competition. China’s Belt and Road Initiative (BRI) has created new avenues for economic engagement between China and Africa, particularly in infrastructure, production capacity collaboration, and trade, particularly in infrastructure construction, production capacity collaboration, and trade and investment. This paper analyzes the current state of African SOEs and China-Africa industrial cooperation under the BRI, exploring the opportunities and challenges of such collaboration. The study finds that China-Africa industrial cooperation has made significant progress in energy, infrastructure, and manufacturing, but also faces issues such as political risks, cultural differences, and sustainable development. This paper offers theoretical foundations and policy recommendations for optimizing SOE reforms in Africa and deepening China-Africa cooperation, while also envisioning the long-term potential of this partnership and the further development of the BRI in Africa.
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