Countries

Gabon

People's Daily

15:41, April 23, 2019

Gabon_170428_4471__1640x1230.jpg

File photo

Full name: Gabonese Republic

Official language: French

Gabon is a central African country rich in natural resources. It borders Cameroon, Equatorial Guinea, and the Republic of Congo. With a population of 2 million (2017), Gabon is a sparsely populated country with forests covering 85% of its territory. Gabon has one of the highest urbanization rates in Africa; more than four in five Gabonese citizens live in urban areas.

Economic Overview

Gabon is an upper-middle-income country. The fifth largest oil producer in Africa, it has had strong economic growth over the past decade, driven by its production of oil and manganese.

The oil sector has accounted for 80% of exports, 45% of GDP, and 60% of fiscal revenue on average over the past five years. However, as the country is facing a decline in its oil reserves, the Gabonese government has based a new economic strategy on diversification.

Gabon ranked 167 out of 190 countries in the 2018 Doing Business report. The government’s strategy for the promotion of non-oil sectors has so far been based on the granting of specific incentives to foreign investors.

China and Gabon

The friendly and cooperative relations between the People's Republic of China and the Gabonese Republic developed steadily in 2013.

Political exchanges maintained good momentum. In March, President of Gabon Ali Bongo Ondimba and President of the Gabonese National Assembly Guy Nzouba Ndama sent congratulatory messages to President Xi Jinping and NPC Chairman Zhang Dejiang respectively on their elections.

The CPC Central Committee sent congratulatory messages to the Gabonese Democratic Party on the 45th anniversary of its establishment in March and on its 10th Ordinary Congress in April.

Also in April, President Fri Bongo Indiana and Minister of Foreign Affairs, International Cooperation, Francophony, NEPAD, and Regional Integration Emmanuel Issoze Ngondet sent letters of condolences to President Xi Jinping and Foreign Minister Wang Yi respectively after an earthquake hit Lushan, Sichuan Province on 20 April.

Progress was made in business exchanges and cooperation. In May, Gabonese Minister of Digital Economy, Communications and Post Blaise Louembe attended the Second Session of Beijing International Fair for Trade in Services and Global Services Forum-Beijing Summit in China.

Within the year, the construction of the Port Gentil-Omboue coastal road and the Booué Bridge over the Ogooué River was launched; the first stage of the safety upgrading and renovation of the Libreville power grid was concluded; the construction of the Boubala hydro-power station entered the final stage; and smooth progress was made in the construction of two primary schools assisted by China.

Non-governmental and people-to-people exchanges maintained good momentum. In March, Vice President of the Chinese People's Association for Friendship with Foreign Countries (CPAFFC) Feng Zuoku led a delegation to Gabon.

Also in March, a delegation of the Union of Women of the Gabonese National Assembly paid a visit to China at the invitation of the All-China Women's Federation.

In April, the Secretary-General of the Presidency of Gabon Laure Olga Gondjout visited China at the invitation of the CPAFFC.

In June, a delegation of the China-Africa Business Council attended the second session of the New York Forum Africa in Gabon.

In August, China and Gabon signed a cooperation agreement on broadcasting Chinese TV series in French on the Gabon Television.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue