China-Africa Ties: 4th Investing in Africa Forum concludes in China

World
Europe

01:56

The fourth annual Investing in Africa Forum wraps up in central China's Hunan Province. The two-day business event drew over 400 participants from China, African countries, and international organizations. Reporter Zheng Yibing recaps the highlights.

An investment forum promising cooperation and commitment. Sixteen deals were signed at this fourth annual Investing In Africa Forum. Over 1.37 billion US dollars will be invested in African countries to improve local economies and livelihoods. That's just the beginning.

ZOU JIAYI DEPUTY PRESIDENT, MINISTRY OF FINANCE "China is willing to have in-depth exchanges with African countries, and provide the best possible support on the basis of mutual respect and benefits. China also wants to help Africa achieve the 2030 agenda for sustainable development at an early date."

Round-table and panel discussions covered agricultural modernization, digital economy, education and much more. Public and private investment were both encouraged, and experts vowed to protect those efforts from many sides.

The event follows the Forum on China-Africa Cooperation, and echoes China's eight initiatives to promote all-round cooperation. The next such investing forum will be held in the Republic of Congo in 2019, after a China-Africa trade fair in Changsha in the coming months.

ZHENG YIBING CHANGSHA, HUNAN PROVINCE "The forum is one of the first business events after FOCAC. It vows to put commitment into action, and continues to bring benefits to both China and Africa. Zheng Yibing, CGTN, Changsha in Hunan province."