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8 Steps of Chinese Aid to Africa · China's Eight Steps for Aid to Africa

Introduction On May 16-17, the governors of African Development Bank Group (combining the African Development Bank and the African Development Fund) will convene for their annual meetings at the Shanghai International Convention Center. This year's ministerial round table, on May 15, will operate under the theme "Africa and Asia: Partners in Development." Schedule Thursday, May 17 Wednesday, May 16 Tuesday, May 15 Monday, May 14 Sunday, May 13 Experience China in Africa Premier Wen's Africa Visit China-Africa Trade Figures · Bilateral Trade in 2006: US$55.5 billion · Export to Africa in 2006: US$26.7 billion · Import from Africa in 2006: US$28.8 billion · China's Investment in Africa by the end of 2006: US$11.7 billion 8 Steps of Chinese Aid to Africa At the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) held in November 2006, Chinese President Hu Jintao announced an eight-step package, providing major assistance to Africa and laying groundwork for future investment trade and other cooperation projects. China's African Policy The African continent, which encompasses the largest number of developing countries, is an important force for world peace and development. China-Africa traditional friendly relations face fresh opportunities under the new circumstances. Links African Development Bank ADB Annual Meeting 2007 The people's Bank of China