China stands ready to provide capital, technology and personnel to Africa for pushing forward industrialization in the continent, Chinese President Xi Jinping announced on Friday.
Xi made the announcement in his address at the close ceremony of the High-Level Dialogue between Chinese-African Leaders and Business Communities and the 5th Conference of Chinese and African Entrepreneurs in Johannesburg.
“The achievement of inclusive and sustainable development in Africa hinges on industrialization, which holds the key to creating jobs, eradicating poverty, and improving people’s living standards. Africa’s path of industrialization can only be found by African people through their own practice and exploration. It is China’s sincere hope to share its experience with African countries, and we are willing to provide capital, technology and personnel in support of Africa’s industrialization,” said Xi.
China and Africa can work together to achieve this goal through cooperation in multiple areas, according to the Chinese president.
“In the areas of infrastructure building, investment and trade facilitation, China-Africa cooperation will create more investment and trade opportunities for the companies of the two sides, thus enhance the competitiveness of African industries and close in the infrastructure gap in Africa. In the fields of modern agriculture and green development, poverty reduction and people’s welfare, China-Africa cooperation will enable companies from the two sides to share advanced know-how and help African countries establish a sustainable development model, enhance the independent development capacity, improve the public governance and raise the quality of life of the African people,” said Xi. (Reuters)
