Xi to visit Zimbabwe, attend China-Africa summit
China has pledged to boost its cooperation with African countries in their fight against extremist factions such as Boko Haram, which is considered to be the deadliest “terrorist” organization in the world.
Describing China as “a small player” in African investment, Liu estimated that China accounted for only 3 to 4 percent of total investment in Africa.
Wang reiterated China’s stance that its assistance to Africa would be without political conditions. The development of both China and Africa steps into a new phase.
According to The Hill, Chris Coons said that they do not want to lose on those opportunities to Chinese companies or to the Chinese government whose interests might not always align with theirs.
China just signed a 10-year agreement to build its first military base in Africa, continuing a strategy of expansion outside the Asia-Pacific region.
China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month, a senior Chinese official said on Wednesday.
Premier Li spoke of the need to deepen the China-Africa relationship by enhancing collective dialogue and practical cooperation through Focac. It’s also making more of an effort to comply with local regulations. USA has to be vigilant in the face of China’s growing ambitions.
The African market has become one of the most important for Lenovo, the world’s largest PC maker and smartphones from Huawei are also popular.
According tothe Economist, China is the African continent’s biggest trading partner with trade worth more than $160 billion per year.
Chinese investment in Africa has grown over the past decade, with direct investment estimated at more than US$30 billion in 2014.
With regard to aid, the number of China Aid projects to Africa reached 1 071 by the end of 2014, amounting to 47% of China’s total aid to foreign countries. Two-thirds of Chinese tourists visit neighbouring countries in Asia.
China will organize meetings between Chinese and African entrepreneurs and hold an exhibition on equipment manufacturing in the railway, telecommunications and electricity sectors during the summit.
He said President Xi Jinping will expound China’s new concepts for developing China-Africa relations in his speech to the summit.
In regard to peace and security, China boasts the largest number of peacekeeping personnel to Africa among 5 permanent members of the UN Security Council.
The long history of friendship between China and Africa is deeply rooted in our people.
A key area of cooperation is that of sharing information and knowledge, strengthening the platform for collective dialogue and exchange of views, academic exchange of ideas, and an educational initiative to strengthen understanding of China-Zimbabwe relations and potential. Others, however, say it is more related to Beijing’s changing approach to investments overseas.
The China-African forum started as a ministerial-level dialogue 15 years ago.