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Home >> China
UPDATED: 11:19, January 12, 2006
China encourages enterprises to invest in Africa
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The Chinese Government encourages and supports Chinese enterprises' investment and business in Africa, and will continue to provide preferential loans and buyer credits to this end, according to China's African Policy Paper issued Thursday.

The Chinese Government is ready to explore new channels and new ways for promoting investment cooperation with African countries, and will continue to formulate and improve relevant policies, provide guidance and service and offer convenience, the paper said.

African countries are welcome to make investment in China as well.

The paper, composed of more than 3,000 English words, is divided into six parts, including Africa's position and role, China's relations with Africa, China's African policy, enhancing all-round cooperation between China and Africa, Forum on China-Africa Cooperation and its follow-up actions, China's relations with African regional organizations.

According to the paper, the Chinese Government will continue to negotiate, conclude and implement the Agreement on Bilateral Facilitation and Protection of Investment and the Agreement on Avoidance of Double Taxation with African Countries.

The two sides should work together to create a favorable environment for investment and cooperation and protect the legitimate rights and interests of investors from both sides, the paper said.

Source: Xinhua


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