BIZCHINA> Top Biz News
|
BIZCHINA> Top Biz News
|
|
China-Africa trade co-op future brilliant: Minister
(Xinhua)
Updated: 2009-11-11 17:49 The economic and trade cooperation between China and Africa is brilliant in the near future, said Chen Deming, Chinese minister of commerce, when commenting on the just-concluded ministerial conference of the Forum on China-Africa Cooperation (FOCAC). Chen had an interview with Xinhua after attending the fourth Ministerial Conference of the FOCAC, which was held in the Egyptian coastal city of Sharm el-Sheikh on Sunday and Monday. Nearly 100 ministers from 49 African countries and China participated in the conference. Chen said one of the major achievements of this conference is that China and African countries reached agreement on a new action plan for the coming three years. "The eight new measures announced by Premier Wen Jiabao in the opening ceremony are in the same line as the previous eight raised by President Hu Jintao in the Beijing Summit in 2006 and also adapted to the current international situation and the real demands of African countries," said Chen, adding "We will keep strengthening our help to Africa with our own development."
According to Chen, the trade between China and Africa developed rapidly with an annual increase rate of 30 percent in the past eight years, and the trade volume exceeded $100 billion in 2008. Nearly 1,600 Chinese enterprises have started business in African countries with a direct investment stock of $7. 8 billion, and their business range from manufacture and construction to agricultural processing and resources development. When asked about his personal impression on his visit to Africa to participate in the meeting, Chen said he was deeply touched by African people's sincere friendship with Chinese people. "African friends expressed their desire, both in the meeting and on the sideline, to be good brothers and partners with us forever. This is the strong foundation for the new type of strategic partnership between us," he said. "China is always concerned with Africa's developments and wants to help African people constructing their countries and improve their living with all our hearts," he added. According to him, since it established diplomatic relations with African countries more than 50 years ago, China has provide various kinds of aid to 53 countries with more than 800 sets of projects. Altogether, 306 debts owed by 34 African countries were canceled, 17,000 Chinese medical personnel were dispatched to Africa and 30,000 African people received training process. (For more biz stories, please visit Industries)
|
