Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >China's top diplomat heads to Africa as West's attention dwindles
    Finance

    China's Top Diplomat Heads to Africa as West's Attention Dwindles

    Published by Global Banking & Finance Review®

    Posted on January 6, 2025

    3 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    This image features China's Foreign Minister Wang Yi, highlighting his New Year tour of Africa aimed at strengthening China's influence in finance and trade amidst waning Western focus.
    China's Foreign Minister Wang Yi during his Africa tour, enhancing China's diplomatic ties - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    China's top diplomat visits Africa to enhance ties as Western influence declines, emphasizing China's consistent commitment to the continent.

    China's Diplomatic Tour in Africa as Western Focus Shifts

    By Joe Cash

    BEIJING (Reuters) - China's top diplomat began his annual New Year tour of Africa on Sunday, maintaining a 35-year-long tradition, to quietly advance Beijing's already sizeable influence across the resource-rich continent as Europe's presence wanes and America's wavers.

    While global capitals and investors brace for the return of U.S. President-elect Donald Trump to the White House, and wars in Ukraine and the Middle East and domestic politics keep German and French ministers occupied, Foreign Minister Wang Yi being in Namibia, the Republic of Congo, Chad and Nigeria highlights the consistency of China's engagement with Africa, analysts say.

    Wang's visit through to Saturday also comes as the world's No.2 economy ramps up its financial support for the debt-laden continent and looks to strike more critical minerals deals and find markets to absorb its exports.

    "The decision on which countries to go to each year rarely follows any external logic," said Eric Orlander, co-founder of the China-Global South Project. "(But) it resonates in Africa as a reminder of China's consistent commitment to the continent, in contrast to the approaches of the U.S., United Kingdom and European Union."

    Mao Ning, Chinese foreign ministry spokesperson, announced the visit at a news conference on Friday, saying it aimed to deepen practical cooperation across the board for sustained and substantive growth of China-Africa relations.

    As China's economy slows, Africa offers a much-needed avenue for its state-owned infrastructure firms struggling for projects as indebted local governments hold off on spending, and a market for its electric vehicles and solar panels, areas where the U.S. and EU say it has over-capacity.

    Africa's 50-plus votes at the United Nations could also help advance Beijing's efforts to reshape multilateral institutions and reinterpret global norms so that they are more in line with its interests, particularly on issues such as human rights.

    While current U.S. President Joe Biden's December trip to Angola was his only visit to sub-Saharan Africa in his presidency, China puts Africa at the front of its diplomatic calendar.

    "China has become central to Africa's policy, as an actor and an inspiration," said Hannah Ryder, founder of Development Reimagined, an African-owned consultancy, referring to how candidates vying to chair the African Union Commission have talked up Beijing's ability to improve Africa's manufacturing capabilities and China's track record in mass education ahead of February's election. The commission is the secretariat of the 55-nation African Union.

    SECURITY ISSUES

    Wang's decision to visit the Republic of Congo, which this year takes over as co-chair of the Forum of China-Africa Cooperation(FOCAC) that sets the agenda for China-Africa relations, also points to China's commitment to implementing the outcomes of last year's summit, Ryder said, where China pledged $51 billion in fresh financial assistance.

    Beijing is also beginning to make its presence felt on pressing regional security issues, analysts say, which partly explains why Wang will travel to Chad.

    France last month began the withdrawal of its military from the Central African country, after its government unexpectedly ended a defence cooperation pact that had made it a key Western ally in the fight against Islamic militants in the region.

    "China has been a reliable and stable partner for the new military juntas in the Sahel and West Africa," Orland said.

    "For the French and U.S., who see a dilution of Western power in the region, China's presence is seen as 'controversial,' but it's a very different view from African perspectives."

    (Reporting by Joe Cash; Editing by Raju Gopalakrishnan)

    Key Takeaways

    • •China's top diplomat visits Africa to strengthen ties.
    • •Western influence in Africa is decreasing.
    • •China seeks to expand its economic and political influence.
    • •Wang Yi's visit highlights China's commitment to Africa.
    • •China's engagement contrasts with Western approaches.

    Frequently Asked Questions about China's top diplomat heads to Africa as West's attention dwindles

    1What is the main topic?

    The article discusses China's diplomatic efforts in Africa as Western influence wanes.

    2Why is China's visit to Africa significant?

    It highlights China's ongoing commitment to Africa and contrasts with the declining Western presence.

    3What are China's goals in Africa?

    China aims to strengthen economic ties, secure resources, and increase political influence.

    More from Finance

    Explore more articles in the Finance category

    Image for Exclusive-Oil giants show early interest in US Gulf deepwater field stake, sources say
    Exclusive-Oil Giants Show Early Interest in US Gulf Deepwater Field Stake, Sources Say
    Image for Ferretti board says sweetened KKCG Maritime offer 'not fair or reasonable'
    Ferretti Board Says Sweetened Kkcg Maritime Offer 'not Fair or Reasonable'
    Image for Trading Day: Oil Strait back up again
    Trading Day: Oil Strait Back up Again
    Image for Kremlin aide Ushakov says Strait of Hormuz is open for Russia, Ifax reports
    Kremlin Aide Ushakov Says Strait of Hormuz Is Open for Russia, Ifax Reports
    Image for ECB's Villeroy says it is too soon to say when rates could rise
    ECB's Villeroy Says It Is Too Soon to Say When Rates Could Rise
    Image for Exclusive-Italy to get LNG from QatarEnergy-Exxon's US Golden Pass from June, sources say
    Exclusive-Italy to Get Lng From QatarEnergy-Exxon's US Golden Pass From June, Sources Say
    Image for Britain agrees full text of US-UK pharmaceutical trade deal
    Britain Agrees Full Text of US-UK Pharmaceutical Trade Deal
    Image for European Q1 corporate profits expected to grow 4% helped by booming energy sector
    European Q1 Corporate Profits Expected to Grow 4% Helped by Booming Energy Sector
    Image for Austria denied US access to its airspace for Gulf military operations, reports newspaper
    Austria Denied US Access to Its Airspace for Gulf Military Operations, Reports Newspaper
    Image for Cleaning products firm McBride raises prices on Iran war energy hit
    Cleaning Products Firm McBride Raises Prices on Iran War Energy Hit
    Image for How US home-service trades are navigating the hidden admin overload
    How US Home-Service Trades Are Navigating the Hidden Admin Overload
    Image for Russia will ask US and Israel to cease fire while it  evacuates staff from Iranian nuclear plant, RIA reports
    Russia Will Ask US and Israel to Cease Fire While It Evacuates Staff From Iranian Nuclear Plant, Ria Reports
    View All Finance Posts
    Previous Finance PostExclusive-The Ghosts of Grenfell: No Penalties for UK Firms That Used Deadly Building Material
    Next Finance PostMorning Bid: Canadian Dollar Calm as Trudeau Heads for the Exits