Sino-African cooperation to further expand: MOC spokesman

08:14, February 18, 2011      

Email | Print | Subscribe | Comments | Forum 

China will keep improving economic and trade relations with Africa by increasing investments in agriculture, finance, environmental protection and those that concern African people's livelihoods, a commerce ministry spokesman said Thursday.

The Chinese government will continue to promote Sino-African ties under the principles of equality, effectiveness, mutual benefit and common development, "no matter how the world changes, " Yao Jian, the Ministry of Commerce spokesman, told a press conference in Beijing.

China will actively promote trade liberalization between China and African nations, and encourage Chinese enterprises to invest more in Africa's agriculture, manufacturing, finance, trade and environmental protection sectors, said Yao.

China is now Africa's largest trade partner and Africa emerged as China's fourth largest overseas destination for investment last year, he said.

China-Africa trade totalled 126.9 billion U.S. dollars in 2010, compared with 10 billion U.S. dollars a decade ago. In the same year, China's investment in Africa topped 1 billion U.S. dollars, he said.

Chinese aid to African nations will focus more on sectors that concern people's livelihoods, such as poverty-relief, agriculture, education, medical care and safe drinking water, he said.

China will also work with African nations to create more transparent, fair and predictable business environment for both Chinese and African enterprises, he added.

Commerce Minister Chen Deming is on a visit to Morocco, Equatorial Guinea and Ghana from Sunday to Thursday, during which he had carried out extensive discussions with political and business leaders in those nations while deepening mutual understandings, Yao said.

  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Antique exhibition opens in China's Haikou
  • Tianfu microblog focused on Sichuan becomes runaway success
  • 'Dizziest parking lot' revealed in Hangzhou
  • When handed lemons, French make sculptures
  • LED illuminates 7-km length of highway in Netherlands
  • Obscure scenic spots rival landscape of Guilin in Guangxi
Hot Forum Dicussion