Prospects of China-Africa Cooperation: Youth Leaders Forum
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China and Ethiopia, the two countries among the oldest civilizations of the world, started their diplomatic relations in the 1970s. This relation was modest in its early years, but it began to grow starting in the mid-1990s. Not only it grew, but for some it was regarded as an epitome of the ‘south-south cooperation’, as it was based on equality, mutual respect and win-win approach.
These countries have developed multi-dimensional relations, with people-to-people, business-to-business and government-to-government as the cornerstones of the relationship. The increased relations can be manifested by the vast yearly volume of bilateral trade. For instance China has become the biggest foreign investor and the largest trading partner of Ethiopia. Ethiopia is also one of the main markets in Africa for Chinese products, equipment, technology and investment. China has also been supporting the construction of the various national projects financially including Ethiopia’s first Express Toll Way and the first operative Wind Power Plant, the Addis Ababa Light Track Railway and other modern railway developments as well as the Tirunesh-Beijing Hospital and the Confucius Institute.