China to launch 8 initiatives with African countries: Xi
International

China to launch 8 initiatives with African countries: Xi

Beijing, Sept 3: China will launch eight major initiatives with African countries in the next three years and beyond, covering fields such as industrial promotion, infrastructure connectivity, trade facilitation, and a security fund, President Xi Jinping said on Monday.

Xi made the announcement in a keynote speech delivered at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation, reports Xinhua. On industrial promotion, Xi said a China-Africa economic and trade expo will be set up in China and Chinese companies are encouraged to increase investment in Africa.

China will carry out 50 agricultural assistance programmes, provide emergency humanitarian food aid amounting to 1 billion yuan (147 million US dollars) to African countries affected by natural disasters, and send 500 senior agricultural experts to Africa.

On infrastructure connectivity, Xi said China will work with the African Union to formulate a China-Africa infrastructure cooperation plan and support Chinese companies in taking part in Africa's infrastructure development by way of investment-construction-operation or through other models. (UNI)