China remains Ethiopia's top foreign investor, surpassing USD 5 billion USD investments last year. Dr. Yang Yihang, a senior Chinese diplomat, revealed nearly 2,000 Chinese projects are underway, creating 65,000 jobs. The upgraded "all-weather cooperation" between Ethiopia and China, as agreed by their leaders, is seen as a key driver. Dr. Yihang highlighted Ethiopia's role in China-Africa cooperation, noting the second China-Africa forum held in Addis Ababa. Collaboration under the Forum on China-Africa Cooperation (FOCAC) has yielded progress in renewable energy, agriculture, and manufacturing.

Source: Ethiopian News May 28, 2024 12:24 UTC