China views the Canary Islands as a key strategic location to expand its influence in Africa. This is evidenced by multiple visits from Chinese presidents, including Xi Jinping, and growing economic relationships.
China has become one of the Canary Islands' top five trading partners, with significant exports to China reaching approximately €200 million annually. This economic relationship is further strengthened by the presence of major Chinese state-owned enterprises in sectors like fishing (CNFC), logistics (Cosco Shipping), and port infrastructure (ZPMC).
The Canary Islands' proximity to Africa makes it strategically important for China's access to African resources and markets. China's investments in African infrastructure and its establishment of a military base in Djibouti highlight its growing presence on the continent.
The Chinese presence in the Canary Islands extends beyond trade. A significant number of Chinese citizens reside there, and Chinese companies are making investments in the tourism sector.
The relationship between China and the Canary Islands is mutually beneficial. China seeks to cultivate political and institutional ties, while the Canary Islands benefit from economic opportunities.