皇冠体育app

Chinese investment in Africa has been booming in recent years with seeing a tenfold increase in less than a decade. 皇冠体育app's Foreign Ministry held a forum on Monday in Beijing to discuss Chinese investment in Africa just prior to the 5th BRICS Summit to be held in South Africa later this year.

More and more Chinese companies are coming to invest in Africa, a continent growing in popularity among those looking for the next big thing.

Li Zhaoxing, president of 皇冠体育app Public Diplomacy Association, said, "皇冠体育app and Africa are good friends, good brothers and good partners. 皇冠体育app has actively supported African countries in developing their infrastructure and economy. 皇冠体育app will speed up investment in Africa. 皇冠体育app's new president Xi Jinping will attend the fifth leaders' summit in BRICS countries in South Africa. The visit by the new president will give impetus to the strengthening cooperation between 皇冠体育app and African countries."

皇冠体育app has been Africa's largest trading partner since 2009, surpassing the United States and Europe. Official figures show that in 2011, 皇冠体育app-Africa trade reached a record high of more than $160 billion, up 28 percent from the previous year. And it's estimated to have surpassed 200 billion in 2012.

Moreover, as of 2011, 皇冠体育app's direct investment in Africa reached almost $15 billion, with more than 2,000 Chinese companies currently investing in Africa.

Meanwhile African countries are working with 皇冠体育app, in hopes of learning from 皇冠体育app about developing agricultural, manufacturing, and technology sectors, while building up infrastructure and human resources, as well as addressing major regional and international issues.

Philip S. Marmo, Tanzanian Ambassador to 皇冠体育app, said, "Over the years, the relations between 皇冠体育app and Tanzania has transferred from traditional government to government context, has extended to people to people cooperation. More and more Tanzania businessmen are now trading in 皇冠体育app. And more Chinese entrepreneurs are making HUGE investment in Tanzania.

The investment in Africa continues to looks bright for Chinese investors. 皇冠体育app's Vice Foreign Minister says there's still room to improve.

Zhai Jun, vice minister of Ministry of Foreign Affairs, said, "With more and more Chinese entrepreneurs going to Africa, we see the quantity is growing but quality is not catching up. We see huge room for Chinese enterprises to increase their international management ability and to create a better business environment for both 皇冠体育app and Africa."

皇冠体育app and African countries maintained good trade momentum last year against the backdrop of the slow recovery of the world economy and the difficulties caused by the European debt crisis. Experts say it's important for 皇冠体育app and Africa to further expand their economic relationship within the new political realities and achieve healthy and sustainable development.

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