China-Africa investment partnership 'incredibly beneficial'

0 CommentsPrint E-mail Xinhua, May 4, 2010
Adjust font size:

The investment partnership with China in Africa's major infrastructure projects is incredibly beneficial for the continent's development, Katherine Tweedie, director of Africa Regional Agenda Team of World Economic Forum, told Xinhua in an interview ahead of the 20th World Economic Forum on Africa.

Africa's relationship with China has been a "very positive" one, in view of China's investment and support for Africa's critical infrastructures, Tweedie said, adding that China has been a very important trading partner with Africa.

Tweedie noted the purchasing deal between the Industrial and Commercial Bank of China (ICBC) and South Africa-based Standard Bank in 2008, where the ICBC bought 20 percent stake of the Standard Bank for 5.6 billion U. S. dollars.

After the acquisition, the ICBC has launched a series of cooperative projects with the Standard Bank, including major infrastructure projects.

"I think this type of partnership is being incredibly beneficial for development on the continent," Tweedie said.

According to Tweedie, African nations could benefit substantially from learning from the success of China, particularly in its development policies. And China can support Africa by helping promote the continent's tertiary development of goods and services.

Right now, most of Africa's exports are raw materials, with little added value, Tweedie said, noting that transfer of knowledge and skills from China to African workers and professionals to help promote processing of resources would be very positive for the Africa's development.

Noting that Africa has a variety of valuable resources, Tweedie said the continent should transcend from being just a supplier of raw resources. Instead, it should seek improvement in tertiary development and produce its own goods to strengthen competitiveness, she said.

The 20th World Economic Forum on Africa is scheduled to be held on May 5-7 in Dar es Salaam, Tanzania. The summit will gather African and global leaders to discuss the continent's development agenda. Participants will exchange ideas on Africa's growth strategy, African nations' relations with key economic partners, infrastructure development, improvement of business climate and regulatory reforms, new models of governance, peace and security, among others.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 两个人看的www视频免费完整版| 国产亚洲情侣久久精品| 久久久无码一区二区三区| 狼人久久尹人香蕉尹人| 国产小视频免费| 97精品国产97久久久久久免费| 日本中文字幕有码在线视频| 亚洲电影唐人社一区二区| 色一情一乱一伦一区二区三区| 国产精品福利一区二区| a级毛片在线播放| 日本一区二区三区高清在线观看| 亚洲AV无码专区在线播放| 欧美成人性色区| 免费视频爱爱太爽了| 91啦视频在线| 国产福利精品视频| videos欧美成人| 日本欧美一区二区三区在线播放| 亚洲欧美日韩高清在线看| 美女被到爽羞羞漫画| 国产真实女人一级毛片| 69女porenkino| 嫩草香味在线观看6080| 久久国产精品无码一区二区三区| 欧美视屏在线观看| 十九岁日本电影免费完整版观看| 菠萝蜜视频入口| 国产精品国语对白露脸在线播放| 一个人看www免费高清字幕| 日本精品一区二区三本中文 | caoporn成人| 女的和男的一起怼怼| 久久久精品电影| 日韩内射美女片在线观看网站| 亚洲男女内射在线播放| 激情黄+色+成+人| 啊灬啊别停灬用力啊呻吟| 99rv精品视频在线播放| 国产真实伦视频在线观看| 毛片基地看看成人免费|