Buhari Participates In China-Africa Cooperation Forum

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"For three years, cooperation between China and Africa has deepened and political mutual trust promoted", said Li Dan.

"African countries have been positive about the Belt and Road Initiative", Li Dan said. The pledge in 2015 was three times the figure announced at the 2012 forum.

Amid growing criticism over its debt-heavy approach to foreign aid, China is hosting a summit for African leaders on Monday aimed at promoting Beijing's vision for development on the continent.

Five years on, Mr Xi has found himself defending his treasured idea as concerns grow that China is setting up debt traps in countries which may lack the means to pay back the Asian giant.

ZIMBABWE is working closely with China to support local exporting companies as part of measures to boost its foreign currency earnings, which will in turn stabilise the economy, Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo has said.

Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going toward "vanity projects".

It will speed up the industrialization and modernization of the continent, and push China-Africa cooperation to a higher level, said the Chinese diplomat. "No one should deny the significant achievement of China-Africa cooperation based on their assumptions and speculation".

"Africa is not a zero-sum game", Kagame said.

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More concrete projects are expected to come into being during the upcoming series of FOCAC events, including the High-Level Dialogue of China-Africa Leaders and Business Representatives and the 6th China-Africa Business Forum.

South African President Cyril Ramaphosa also rebuffed suggestions that China is taking advantage of the continent. In this regard, we look forward to cementing an even stronger China-Africa partnership through win-win cooperation at the 2018 Focac Summit.

During the summit, the Heads of State will discuss and ratify two major documents, the Beijing Action Plan 2019-2021 and the Beijing Declaration, which will act as guides for China-Africa relations.

Established 18 years ago, FOCAC has achieved fruitful results and has become a significant mark of China-Africa cooperation. "We want to provide young Africans with more training and job opportunities", he said.

The cooperation between China and Africa was "a forward looking partnership" not concerned only with the current - but also the future - challenges, he said. He also flagged a China-Africa "green envoys programme" that would muscle Africa's capacity for environmental management, pollution prevention and control, as well as green development.

Africa has long embraced Chinese investment, helping make Beijing the continent's largest trading partner for the past decade. Once signed, the deal would be the first of its kind between China and an African country.

"Western media deliberately portray Africans in misery for collaborating with China and they appear to have discovered big news by finding occasional complaints in the African media about Sino-Africa cooperation", it said.