China, Africa cooperation impacts the world
1 year, 3 months ago

China, Africa cooperation impacts the world

China Daily  

Freight trains are seen at Nairobi station of Mombasa-Nairobi Standard Gauge Railway in Nairobi, capital of Kenya, Nov 17, 2021. China has become one of the main sources of investment and financing in Africa, providing a large amount of urgently needed funds for African development through mechanisms such as providing aid, government concessional loans, commercial financial institution credit funds, special investment and financing funds, and encouraging Chinese companies to directly invest in Africa, creating a huge scale effect. Finance is an important support for economic development, and China and Africa can further expand channels for capital circulation, strengthen cooperation and exchanges between financial institutions. With the effective development of the Belt and Road economy, China-Africa cooperation is beginning to shift from government aid to enterprise investment and financing cooperation, upgrading from general trade to capacity cooperation and processing trade, and gradually moving towards investment operation, economic special zones, industrial parks and trade logistics centers as well as high-end fields such as financial services. China and Africa will further strengthen cooperation, promote the "Belt and Road" Initiative to land and implement in distant lands for mutual benefit and win-win, and promote China-Africa cooperation to a new level.

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