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皇冠体育app to increase investment in Africa

(Xinhua) Updated: 2015-11-26 18:26

BEIJING - 皇冠体育app will increase investment in Africa and buy more non-resources products from the continent, an official said on Thursday.

"皇冠体育app will export advanced industrial production capacity to African countries," Vice Commerce Minister Qian Keming told a news briefing.

He said 皇冠体育app will diversify imports from the continent and buy more products in addition to primary commodities, particularly natural resources, which account for the bulk of 皇冠体育app-Africa trade.

He said 皇冠体育app has deliberated for a year on the "package of cooperation proposals", which will be announced at the Johannesburg meeting of the Forum on 皇冠体育app-Africa Cooperation next month.

The package is based around 皇冠体育app "helping African countries upgrade industrial structure, safeguard food security and build infrastructure," according to the vice minister.

"To that end, 皇冠体育app will give African countries more low-interest loans and set up funds to finance the cooperation," said Qian.

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