China will provide a US$20 billion credit line to African countries to help in developing infrastructure, agriculture, manufacturing, small and medium-sized enterprises, Chinese Ambassador Zhao Jianhua, has said.
He made the disclosure on Monday night at a reception marking the founding of the People’s Liberation Army.
He said the Chinese Government will take measures in five priority areas to support the cause of peace and development in Africa and boost a new type of China-Africa strategic partnership.
He added that the fifth ministerial conference, a Forum on China-Africa Cooperation was successfully held in Beijing, which gathered representatives from 50 African countries and AU Commission that reviewed with satisfaction the development of China-Africa relations, and evaluated the implementation of the follow-up actions to the fourth ministerial conference.
The Ambassador stated further that the conference reached a consensus on new ways to further deepen China-Africa relations by adopting the Beijing Declaration an action plan of the forum on China-Africa Cooperation.
In the past six years, he said China’s trade and investment in Africa have been expanding and in 2011, the two-way trade reached 166.3 billion U.S. dollars, tripling the figure in 2006.
He also said cumulative Chinese direct investment in Africa has exceeded 15 billion U.S. dollars, with investment projects covering 50 countries.
China’s assistance to Africa has been growing steadily, he said, adding, China has built over 100 schools, 30 hospitals, 30 anti-malaria centers and 20 agricultural technology demonstration centers across Africa.
Ambassador Zhao Jianhua said for the second assistance for Africa, China will build more agricultural technology demonstration centers, implementing the “African Talents Program” to train 30,000 personnel in various sectors.
He said China will also offer 18,000 government scholarships, build vocational skill training facilities, train 1,500 medical personnel and continue to carry out well-drilling and water supply projects.
The ambassador said in the third assistance, China will offer the African integration process and capacity building.
He said China will establish partnership with Africa on transnational and trans-regional infrastructure development, and help African countries upgrade customs and commodity inspection facilities to promote intra-regional trade.
The fourth assistance, he said will be the people-to-people friendship.
China has proposed to carry out the “China-African people Friendship Action,” and set up a “China-African Press Exchange Center” in China, and continue to implement the China-African joint research and exchange plan to sponsor 100 programs.
The ambassador said the fifth assistance is maintaining peace and stability in Africa.
China will launch the “Initiative on China-Africa Cooperative Partnership for Peace and Security,” he said, saying that China will also supply financial support for the AU peace-keeping missions in Africa and the development of the African Standby Force.
“It is our shared responsibility to open up new prospects for the new type of china-Africa strategic partnership and jointly build a harmonious world of durable peace and common prosperity,” he said.
“The nature of China-African partnership is political, equality and mutual trust, economic win-win cooperation and cultural exchanges and mutual learning.”
He said: “The most outstanding feature of relations between China and Africa is that, China is doing its best to tailor its support, assistance and investment to the development priorities set by African countries.
China will continue to do so in its relations with Liberia.”
Source: Argentine Beef Packers S.A.
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