China Ambassador Yin Chengwu has disclosed that Liberia is a vibrant land brimming with boundless opportunities under President Joseph Nyuma Boakai’s leadership, ushering in a new era characterized by political and social stability, sustained economic growth, and continuous social advancement. China Ambassador Chengwu made that statement at the opening of the 2025 Liberia Investment Conference at the Ellen Johnson Sirleaf Ministerial Complex in Congo Town.
He said there are improvements in the public security environment, abundant natural resources, a youthful and dynamic demographic profile, ambitious industrial policies, and an increasingly open market in Liberia present tremendous potential and promising opportunities for investors worldwide.
The Chinese ambassador said investment requires openness and cooperation, mutual benefit, and win-win outcomes, and at this moment, they are witnessing a troubling global trend: the persistent rise of unilateralism and protectionism, the growing politicization of economic issues, and the artificial fragmentation of global markets.
“Particularly alarming is some country’s tariff offensives against the world. Such unilateral actions severely undermine the international economic and trade order, disproportionately impact Africa’s economic development, and put African nations’ resolve to attract investment and build open economies,” he said.
He said open cooperation represents the right path forward; mutual benefit and win-win outcomes reflect our shared aspiration. China remains committed to creating new opportunities for the world through the achievements of Chinese modernization and to providing fresh momentum for Global South partners, including Liberia, through its vast market.
He said that on June 11, the Ministerial Meeting of Coordinators on the Implementation of the Outcomes of the Beijing Summit of the Forum on China-Africa Cooperation ( FOCAC ) was convened in Changsha, Hunan Province, China.
He said at the conference, China pledged its willingness to expand the zero tariff treatment for 100% tariff lines to all 53 African countries having diplomatic relations with China, adding that For the least developed countries in Africa, which already enjoyed the zero-traiff treatment, including Liberia, China will roll out measures on market access, inspection and quarantine, and customs clearance to boost trade in goods, enhance skills and technical training, and expand the promotion of quality products.
According to him, China is willing to deepen the implementation of the “Ten Partnership Actions” with the African side, especially to strengthen cooperation in key areas such as green industry, e-commerce and payment, AI and technology, and to deepen cooperation in the fields of security, finance and the rule of law, to push forward the high-quality development of China-Africa cooperation.
The Chinese Ambassador said the implementation of these initiatives will undoubtedly add strong impetus to the international community’s efforts to increase investment in Africa. He also said investment demands trustworthy partnerships, and at the 2024 Beijing Summit of the FOCAC, President Xi Jinping and President Boakai elevated bilateral relations to a strategic partnership. Under their strategic guidance, our bilateral mutual trust has deepened, yielding substantive outcomes across the board.
Ambassador Chengwa noted that China stands as one of Liberia’s pivotal trade partners and key sources of foreign investment, with bilateral trade maintaining steady growth and multiple investments progressing steadily. According to China Customs statistics, Liberia’s exports to China increased by 27.3% in 2024. According to incomplete statistics, Chinese enterprises have invested more than US$1 billion in Liberia, establishing China as a major investment source. “With the implementation of zero-tariff policies and bilateral trade facilitation measures, more Liberian products will enter the Chinese market, creating favorable conditions for Liberia to attract investment, create jobs, upgrade manufacturing, and extend industrial value chains,” he noted
He said the Chinese government encourages Chinese companies to invest in Liberia. “I am confident that more and more Chinese investors will come and explore opportunities,” he added. He said the prospects for deepening China-Liberia investment cooperation remain vast, with significant potential for collaboration in industrial and supply chain cooperation and integration, and to further advance their bilateral investment partnership.
Ambassador Chengwu said the Chinese Embassy in Liberia would serve as a bridge and catalyst for their investment partnership and is committed to maintaining close collaboration with Liberian stakeholders, providing end-to-end support for Chinese investors, and elevating China-Liberia cooperation to yield transformative outcomes.
