Chinese companies investing in Africa should abide by local laws and regulations, shoulder social responsibility, and pay attention to environmental protection and people's wellbeing, the Ministry of Commerce (MOC) said Friday.

Chinese companies will strengthen their investment management in the continent to achieve mutually advantageous results for each other, Yao Jian, spokesman for the MOC said at a regular press conference, while adding allegations that China pursues a policy of new colonialism in Africa are groundless.

China has long been a big player in providing foreign aid to Africa. To date, the country has helped build more than 2,000 km of railways, 3,000 km of highways, 100 schools and 60 hospitals in the continent, and reduced or remitted debt worth of more than 20 billion yuan ($3.08 billion), Yao said.

Furthermore, the nation has provided aid in the construction of 20 agricultural demonstration centers, 30 anti-malaria centers and 100 renewable energy projects since 2009, which are all badly needed in Africa, he added.