China's Economic And Social Effect For The Investment

China-Africa Economic and Trade Cooperation Zone has drawn much attention ever since it was proposed in2006. It has a positive effect on Sino-Africa economic relations. More importantly, it may prove itself a feasible mode of development to Africa. Therefore its success or failure and influence on Africa deserve attention and careful analysis.The seven existing China-Africa Economic and Trade Cooperation Zones are in the preliminary stage of development. This article researches and assesses the performance of these zones using a benefit-cost analytical framework, which including six variables:wage income, local procurement revenue, tax revenue, local shareholders’net profit income, infrastructure costs and administrative expenditures. With limited information, this article has made a basic benefit-cost judgment. Besides the economic benefits, this article also concerns their social effects on technology transfer, industry chain and the industrial system.Based on the analysis, these China-Africa Economic and Trade Zones have competitive advantages of infrastructure, management experience, institutional and industrial structure, but these advantages cannot ensure Africa’s net benefits from these zones. There are some problems in the development process. To tackle these problems, these zones must increase local employment and procurement and strengthen bilateral economic cooperation. Furthermore, the operators must elaborately arrange the future handover for the zones’development.