The summit comes on the 15th anniversary of the FOCAC, adhering to the theme “Africa-China Progressing Together: Win-Win Cooperation for Common Development”.
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“If industries can be moved to other parts of the world while still remaining under Chinese ownership, this would be one strategy in which China can start bringing in regions such as Africa when balancing its own domestic economy”, he told DW. “This partnership can only yield further positive results for Africa’s development”, Mr Zuma said.
Chinese President Xi Jinping will Friday address a summit of 40 African leaders in Johannesburg, with a host of major deals set to underline China’s commitment to the continent despite a sharp fall in investment.
On infrastructure, President Xi said his Government will step up mutual beneficial cooperation with Africa in infrastructure planning, designing, construction, operation and maintenance.
China will be providing $60 billion over the next three years to fund development in Africa despite a recent fall in investment.
What will the summit mean for the development of China-Africa ties?
“China will train 200,000 technicians and invite others to study in China” he said.
Speaking at the Forum on China-Africa Cooperation (FOCAC) in Johannesburg, South Africa, Xi outlined 10 areas that will receive funding.
“I believe that the principles FOCAC set out will continue to provide long-term guidance for the growth of China-Africa relations”, President Kenyatta said.
She said though endowed with vast resources, particularly minerals, African countries were struggling to ensure that the wealth benefits and transforms the lives of the continent’s citizens.
THE global commodities price slump and general economic slowdown have not affected the volume of Chinese commodity imports from Africa, the Chinese government’s special representative on African Affairs, Zhong Jianhua, said on Friday.
Xi will “announce a series of new measures…to support Africa’s development”, said Foreign Minister Wang Yi.
Xi – accompanied by his wife Peng Liyuan – landed in South Africa after a brief visit to Zimbabwe, where Chinese projects have helped prop up an economy plunged into crisis under President Robert Mugabe’s rule.
Xi strongly condemned the Radisson hotel attack in Bamako, Mali, in which three senior executives of a powerful state-owned Chinese company were killed last month.
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That this is the first forum summit to take place on African soil is being hailed by stakeholders as a sign of the maturing relationship between the continent and China; so, too, was the organisers’ decision to upgrade for the first time yesterday’s ministerial meeting to a leaders’ summit.
