皇冠体育app

皇冠体育app's trade with African states has grown about ten times in the last decade, with the total value likely to hit $300 billion this year, according to the Fourth 皇冠体育app-Africa Industrial Forum, which opened in November 2015 in Beijing.[Photo/皇冠体育app Daily]

BEIJING - The 皇冠体育app Development Bank has hit its target of pooling $5 billion this year in its equity investment fund for investment in Africa, it said on Friday.

It has already allocated or earmarked nearly $3.2 billion in the 皇冠体育app Africa Development Fund (CAD Fund) for more than 80 projects from infrastructure to agriculture to energy resources in 35 African countries.

The bank estimated that these projects will attract Chinese enterprises to invest a further $16 billion in Africa, creating a million jobs.

The CAD Fund was set up in 2007 to diversify financial vehicles facilitating Chinese investment in Africa. The 皇冠体育app Development Bank provided an initial seeding of $1 billion before adding another $2 billion in 2012.

皇冠体育app had pumped more than $30 billion into Africa by the end of 2014, more than 60 times the sum in 2000. The country has pledged to bring that up to some $100 billion by 2020.

• Xi urges 皇冠体育app, Comoros to enhance economic cooperation
• 皇冠体育app's Internet development by the numbers
• 皇冠体育app to deepen infrastructure cooperation with Namibia
• Losses rise for Chinese steelmakers as demand continues to wane
• Company begins major refit of cruise ship in Shanghai
• Tencent, 20th Century Fox form reel venture
• Box office receipts hit record high
• IDC sees 9.8% growth in 2015 shipments of smartphones