By 2021, under many challenges including the international environmental crisis and the pandemic effects that also affected to Tanzania, the government of China attached to the common voice of continuous progress, preventing and controlling the scientifically integrated epidemic with social and economic development, sustainability, and national development. Economy, which led to new initiatives in the development of a new growth pattern, and attained good results with great development.
By 2021, the total value of imports and exports to China was around 40 trillion yuan (about $ 6.1 billion), an annual boost of around 21.4%. The level of exports and worldwide market share has attained a record high, and the wholesale trade is rated first in the world for five successive years. The direct annual outbound investment was around 937 billion yuan, while enterprise in countries around the "Belt and Road" increased around 8%, and the tax levied on the host country surpassed around $ 6.5 billion, which created 392,000 domestic jobs.
Currently, nations around the world still face 2 daunting tasks, namely epidemic control, and financial healing.
First, it gives a large export market for African countries. As per the Chinese figures, by 2021, the volume of trade between China and Africa will reach $ 254.3 billion, an annual growth rate of 35%. 3, reached the elevated level in the same interval in history. Second, it offers African countries more opportunities to entice foreign investors and accelerate the industrialization process. By 2021, China's direct enterprise in Africa in all sectors exceeded $ 3.7 billion, an annual increase of around 26%.
Thirdly, it creates favorable circumstances for African countries to develop everything. By 2021, Chinese businesses signed new contracting projects in Africa for $ 77.9 billion, an annual increase of 15%
Fourth, it gives practical assistance to African countries to solve the employment problem.
Last November, the 8th Fellowship of the China-Africa Cooperation Council (FOCAC) was hosted by a sequel of fruitful outcomes, demonstrating China and Africa's strong commitment to equal development, meeting challenges, etc.
In June 2021, Tanzanian President Samia Suluhu Hassan and Chinese President Xi Jinping held a steep conversation, in which they both agreed on a series of important agreements on heightening conventional friendships and mutually helpful cooperation between China and Tanzania.
