Interpretation of the economic and trade initiatives contents of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation

The Fifth Ministerial Conference of the Forum on China-Africa Cooperation, held in July 2012, Chinese President Hu Jintao on behalf of the Chinese government announced a new initiative to continue to deepen pragmatic cooperation between China and Africa, and a clear direction and areas of cooperation in the next three years. In the economic and trade fields in accordance with the commitment made by the Chinese side at the meeting, the Chinese side will be implemented to expand cooperation in investment and financing to expand development assistance and support for the integration of the three initiatives in Africa. New initiatives are closely combined with the development of African countries in the new situation demands and the needs of the China-Africa pragmatic cooperation and development as the theme, the main line of cooperation, both a continuation of previous initiatives, whi...