国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Chinese investments in Africa help revitalize Africa's economy

(Xinhua) Updated: 2015-10-14 10:30

NAIROBI - China's role in helping revitalize infrastructure and financial investment across Africa is gaining momentum ahead of the forthcoming Forum on China-Africa Cooperation (FOCAC) summit set to be held in South Africa in December, Kenyan expert said on Monday.

Chinese investment in infrastructure development, financial and the communication sectors, which have been key contributors to rapid telecommunication industry growth and innovation across Africa, have increased the potential for further cooperation, according to experts on China-African affairs.

Macharia Munene, International Relations Lecturer at the US International University (USIU) in Nairobi, said rich countries were likely to copy the Chinese leadership in formulating appropriate policies to drive investments in infrastructure, financial services and the communication sectors.

Major Chinese telecommunication players in Africa, including Huawei, a telecom industry equipment manufacturer, and Zhongxing Telecommunications Equipment Corporation (ZTE) helped to reduce the cost of telecommunication across Africa, leading to faster product growth.

Besides the engagement of the private Chinese corporate entities across Africa, the China Export-Import Bank (EXIM) has been active in the provision of infrastructure loans for the development of high-speed railway and road network development around Africa.

Munene said the forthcoming FOCAC summit should focus on enhancing economic cooperation between Africa and China while also expanding the cooperation to diplomatic and political fields.

"China will continue to be the global economic engine. Given that other big powers have to answer fundamental challenges on political economies and diplomatic practice, others will try to emulate China in terms of special policy formulation on those fields," Munene said.

He said both sides would be looking for points of agreement and convergence during the FOCAC summit in South Africa, especially on how to enhance cooperation in infrastructure and communication sectors.

Current Chinese efforts to bolster economic cooperation with Africa focus on reinvigorating the ancient Silk Roads with modern network of high-speed rail, motorways, pipelines and sea ports.

"Conceptually, the Belt?and Road Initiative is brilliant and serves China well. It is globally appealing in that it does not sound threatening to anyone," Munene said.

"The strategy will benefit African countries by reducing the cost of transport and communication along the Silk Road," he added.

The extent of Chinese involvement in the financing of trade and infrastructure projects has seen the trade between China and Africa increase substantially in the past decade.

In the past few months, African countries, including Tanzania, which benefited from the original Silk Road project initiatives including the TAZARA railway, connecting the copper-rich Zambia to the Dar Es Salaam Port, has received loans of up to $132 million to help revamp the state-owned power firm TANESCO. The loan is also meant to finance the construction of the East African power pool.

Other Chinese loan beneficiaries include Zimbabwe's urban water infrastructure and a separate loan of $355 million for investments in other fields of the Zimbabwean economy.

The financial sector cooperation and technology transfer fields, which is emerging as one of the biggest and fastest growing models of the China-Africa partnership, is also on the lips of analysts.

"It is not a question of whether the financial sector cooperation and the technology transfer is the more important aspect of this cooperation. They are both important and tend to be symbiotic for without one, the other is likely to suffer. High finance and high technology feed into each other," Munene said.

Hot Topics

Editor's Picks
...
浏阳市| 南昌市| 安泽县| 阳高县| 呼图壁县| 福贡县| 南乐县| 汾阳市| 略阳县| 成武县| 泉州市| 江华| 泌阳县| 左云县| 十堰市| 高阳县| 夏邑县| 昌江| 上杭县| 台东县| 高青县| 泾源县| 铜陵市| 理塘县| 新平| 太和县| 神农架林区| 天长市| 南召县| 贵州省| 伊宁市| 浮山县| 依兰县| 威海市| 仁化县| 都江堰市| 五台县| 芮城县| 启东市| 荣成市| 慈利县|