China to launch initiative to support Africa’s industrialisation, agricultural modernisation – President Xi
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China to launch initiative to support Africa’s industrialisation, agricultural modernisation – President Xi
STOCKS

China to launch initiative to support Africa’s industrialisation, agricultural modernisation – President Xi

 

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Chinese President Xi Jinping said on the sidelines of the BRICS summit that China would launch initiatives to support Africa’s industrialisation and agricultural modernisation.

“China will better harness its resources for cooperation with Africa and initiatives of businesses to support Africa in growing its manufacturing sector and realizing industrialisation and economic diversification,” Xi said.

China will expand the scale of African agricultural products exported to China and aim to help Africa achieve food self-sufficiency, the official Xinhua news agency said.

China’s top Africa diplomat Wu Peng said earlier this week that African countries wanted China to shift its focus from building infrastructure on the continent to local industrialisation.