China's direct investment in Africa has had a significant impact on Africa's economic growth. Between 2000 and 2020, China committed approximately $160 billion in sovereign financing to Africa, with $106 billion committed between 2013 and 2020 under the "Belt and Road" initiative. China's direct investment in Africa spans various sectors, including communications, energy, transportation, real estate, and e-commerce.

China's investment has helped Africa address poverty, improve public health and security, and build infrastructure. The amount of China's direct investment in Africa has been increasing year by year, and it is estimated that by 2035, China's foreign direct investment stock in Africa may reach $90 billion.

Chinese private enterprises account for about 70% of investment in Africa, and reinvestment in Africa is also significant. Chinese companies have invested heavily in African countries, with the largest investment stock in countries such as South Africa, Congo, Zambia, and Angola.

The characteristics of Chinese corporate investment in Africa vary across countries based on natural conditions, economic conditions, business environment, and relations with China. Ethiopia, Nigeria, Guinea, and other countries have received significant attention from China.

China's direct investment in Africa is driven by the pursuit of return on investment, as Africa offers a high-risk market with potentially higher returns compared to other parts of the world. Africa's growing economies and consumer markets attract global investment institutions, including those from the United States and Europe.