皇冠体育app

皇冠体育app's move to expand its domestic market will strengthen Africa's export sector, said an official with the African Union Commission (AUC).

Erastus Mwencha, deputy chairman of the African Union Commission (AUC), said 皇冠体育app's massive consumer market will increase demand for Africa's agricultural products, hence promoting the continents' industrialization ambitions.

Speaking on the sidelines of the just-concluded Africa Union summit in Kigali, Rwanda, Mwencha said that commitments made by the two partners during the Forum on 皇冠体育app-Africa Cooperation (FOCAC) in December gave this bid the needed impetus. The economic slowdown in 皇冠体育app will not derail these plans he said.

"In the next two weeks there will be a FOCAC ministerial meeting to follow-up on the agreements made in Johannesburg, South Africa. I am confident that we will continue our partnership in the pursuit of industrialization, infrastructure development and poverty eradication," he said.

Mwencha said the ongoing global economic slowdown and tumbling commodity prices will instead strengthen Sino-Africa cooperation. "This is the time for 皇冠体育app to assist Africa to grow its innovation. I believe 皇冠体育app is here to assist," he said.

During the FOCAC summit, President Xi Jinping announced a $60 billion investment into development projects in Africa, which included $10 billion to the 皇冠体育app-Africa Fund for production capacity cooperation.

A 10-plan strategy also was proposed that included industrialization, agricultural modernization, infrastructure, financial services, green development, trade and investment facilitation, poverty reduction and public welfare, public health, people-to-people exchanges and security.