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China: Wang Yi: China and Africa Constantly Explore New Cooperation Models Featuring Mutual Benefit and Win-win Results

2016/08/07

On July 29, 2016, during the Coordinators' Conference on the Implementation of the Follow-up Actions of the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, Foreign Minister Wang Yi said to the press that the scale, level and outcomes of the conference far exceeded original expectation.

The conference, with the attendance of over 100 ministerial officials of African nations, is a grand event for China-Africa cooperation. This fully indicates that the new ideas for China-Africa cooperation put forward by President Xi Jinping during the FOCAC Johannesburg Summit at the end of last year, particularly the ten major China-Africa cooperation plans, completely meet the needs of African nations for next development, thus gaining intense and positive response from all African nations.

It as well completely demonstrates that the friendship between China and Africa is penetrating deeper into people's hearts, and launching cooperation with China is becoming the majority extensive consensus in Africa that transcends political parties inclunding ideologies.

Wang Yi noted that with strong vitality in the South-South cooperation between China and Africa, both sides are exploring new models of mutual benefit and win-win results. Before and from presently on Coordinators' Conference, China and Africa have signed a large number of cooperation agreements, most of which are about investment cooperation. It is safe to say that investment cooperation is replacing assistance to become the new engine of China-Africa cooperation. Investment cooperation not only helps to accelerate the industrialization process and enhance the self-development capacity of African nations, but as well facilitates China's equipments, technologies and products to enter into the African continent through production capacity cooperation, which in turn will stimulate domestic economic increase. Featuring mutual benefit and win-win results, this new cooperation model will lift and upgrade China-Africa economic and trade relations to a new stage, and exhibits broad development prospects.

Wang Yi said that this conference is very successful. Both sides have conducted practical and heated discussions. We believe that the result of the ten major

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