China eyes more African business during summit
30 November 2015, 19:01
Nairobi - The landmark Forum on China-Africa
Cooperation (FOCAC) Summit to be held in South Africa from Dec. 4-5 will
not only set the next agenda for Sino-Africa bilateral ties, but also
strengthen partnership in new areas that would unleash mutual benefits,
Chinese Ambassador to Kenya Liu Xianfa said Sunday.
Liu said in a commentary published by a local daily that the upcoming
China-Africa summit will be a watershed moment for both allies as they
chart a new cooperation agenda that is broad and mutually beneficial.
Chinese President Xi Jinping and dozens of African leaders will attend the summit to be held for the
first time in the African continent. Liu noted the grand summit has
historical significance to both China and bilateral partners in Africa.
"State leaders from China and Africa will jointly discuss measures to
strengthen the linkage of China-Africa development strategies, and
industrial capacity cooperation," said Liu, adding that the theme of the
summit "Africa-China Progressing Together: Win-Win Cooperation for
Common Development" is a confirmation both allies share the same
Since the inception of FOCAC in 2000, the Sino-Africa bilateral
cooperation in many fields has blossomed thanks to goodwill and
sincerity from both sides.
Liu noted that Sino-Africa trade has grown tremendously while
partnership in key areas likes infrastructure development, industry,
technology and people to people exchanges has flourished.
"Statistics indicate that in 2014, trade between China and Africa
exceeded 220 billion U.S. dollars and China's investment stock in Africa
surpassed 30 billion dollars," Liu remarked.
Beijing is currently the leading source of foreign direct investments
that have fueled Africa's economic renaissance. Liu noted investments
by Chinese firms in Africa have helped alleviate the continent's endemic
challenges like poverty and unemployment.
"Chinese companies have invested in various fields such as finance,
telecommunication, energy, manufacturing and agriculture, thus creating
more than 100,000 local jobs," said the envoy.
China has provided finance and technical skills to help bridge
Africa's infrastructure deficit. Liu noted that by September, an
estimated 5,675 kilometers of railways and 4506.9 kilometers of roads
were either built or under construction across Africa thanks to China's
Sino-Africa bilateral cooperation has flourished in other critical
areas like health, agriculture, arts and culture. Likewise, China has
actively participated in conflict resolution and environmental
protection in Sub-Saharan Africa.
According to Liu, China has dispatched the largest number of
peacekeeping troops in African hotspots while extending significant
assistance to help build new schools and hospitals.
"China also took the lead in helping Africa fight Ebola epidemic and
was involved in research for new anti-malarial medicines," he said.
The upcoming FOCAC summit will provide a platform for political
leaders, policymakers and scholars from both China and Africa to explore
initiatives that would revitalize a longstanding partnership.
Liu noted that China and its African allies share a common past and
destiny, adding that the FOCAC summit will endorse new measures to
accelerate socio-economic transformation in Africa.
"China is willing to establish three development systems in Africa
that promote the processing and manufacturing industry, food security
and public health," said Liu. "China will leverage the advantages of
China-Africa political mutual trust and economic complementarity to help
break Africa's twin development bottlenecks of inadequate
infrastructure and human resources."
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