With the entering of the second decade of 21^st century，international setup and the power balance of the main players have experiencing tremendous change and readjustment.The cooperation between the developing countries has also been developing vigorously.Comparing with the unity and cooperation based on anti-imperialism and anti-colonialism since the Bandung Conference in 1955，the new round of re-approach and strategic cooperation between Asia and Africa in the era of globalization is based on mutual benefial for economic development and aims for improving the leverage power of the developing countries as a whole in the world stage.The change from BRIC to BRICS has vividly promulgated the developing trend and the nature.Moreover，with the transition from G8 to G20 serving as the new platform for global economic governance，African countries will rely on Asian countries more and more，particularly China and India，to help Africa for fighting the negative impact of the financial crisis on Africa.Being the two most populous countries and fast developing countries in the world，the engagement and embrace of China and India with Africa will certainly strengthen the unity of Asia and Africa and will also have very important historic meaning for pushing forward the South-South cooperation.