China saw 3 percent year-on-year growth of foreign trade with African countries in the first five months this year, hitting 84.8 billion U.S. dollars. China's direct investment to the continent has increased by 1.5 billion U.S. dollars in the past five months, up 20 percent year on year, according to Qian.
According to Assome Aminata Diatta, Senegal's Minister of Trade and SMEs, China is an ideal partner for Africa to improve its capacity building when China is seeking higher-quality growth driven by innovation.
Bringing modern production lines to Africa, especially in the special economic zones, will likely provide tens of millions of jobs for Africa, accelerate its industrialization and improve the trade structure between China and Africa, Diatta said.
China has set a good example for other developing countries, especially those in Africa which, having a lot in common with China, may benefit from mutual complementarity in the area of development, said Justin Yifu Lin, former senior vice president and chief economist at the World Bank.
The experience, wisdom and programs that China will offer are very good reference for African countries that are now eager to work themselves out of poverty and pursue development, Lin said.
After the opening ceremony, 13 cooperation projects involving eight African countries were signed, worth a total of more than 2.5 billion U.S. dollars.
Conferences, seminars, forums and exhibitions focusing on agriculture, trade, investment and infrastructure construction will be held during the expo, with experts sharing views on closer bilateral exchanges.
【国内英语资讯:Xinhua Headlines: China-Africa trade expo to forge closer economic partnership】相关文章:
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