Xi Jinping: China will Provide 60 Billion US Dollars in Support to Africa
The opening ceremony of the Beijing Summit of the China-Africa Cooperation Forum in 2018 was held in the Great Hall. Chinese President Xi Jinping attended the opening ceremony and delivered a keynote speech.
Xi Jinping said that China will implement the “Big Eight Actions” in the next three years to support African industries, trade, and environmental protection. China will provide 60 billion U.S. dollars in support to Africa, of which 15 billion will be free aid, interest-free loans and concessions. loan.
In his speech, Xi Jinping said that since the Johannesburg Summit, the China-Africa Cooperation Forum has added three members of the Gambia, Sao Tome and Principe and Burkina Faso. He welcomed the three countries.
Xi Jinping said that in the course of cooperation, China adheres to the principle of righteousness and righteousness, and righteousness first. No one can undermine the great unity of the Chinese and African people. No one can stop the pace of rejuvenation of the African people. He said that China-Africa cooperation is not good. Only the Central African people have the most say. No one can imagine the achievements of China-Africa cooperation with imagination and speculation. He stressed: “No one can stop and interfere with the positive actions of the international community to support Africa’s development!”
Xi Jinping said that China is willing to build “One Belt, One Road” with international partners. China is unswervingly adhering to the outside world, opposes protectionism and unilateralism, and has no future in imprisoning itself.
He pointed out that since the Johannesburg Summit of the China-Africa Cooperation Forum in 2015, China has fully implemented the China-Africa “Top Ten Cooperation Plan” identified at the summit. China’s commitment of 60 billion US dollars of funds has been fulfilled or arranged.
Xi Jinping said that China will focus on implementing the “Big Eight Actions” in the next three years and in the future:
The first is to implement industrial promotion actions. China supports Africa’s basic food security by 2030, provides 1 billion yuan of emergency humanitarian food aid to disaster-affected countries in Africa, and dispatches 500 senior agricultural experts to Africa.
The second is to implement the facility’s joint operations. China will support Chinese companies to participate in infrastructure construction in Africa through investment and construction integration, and facilitate the issuance of bonds by African countries and their financial institutions.
The fourth is to implement green development actions. China has decided to implement 50 green development and eco-environment assistance projects for Africa, and will also launch the China-Africa Green Messenger Program to train professionals in Africa.
The fifth is to implement capacity building actions. China will set up 10 Luban workshops in Africa to provide vocational skills training to African youth; it will also provide 50,000 Chinese government scholarships for Africa, 50,000 training and training places for Africa, and 2,000 African youths to China. .
The sixth is to implement health and hygiene actions. China has decided to optimize and upgrade 50 medical aid projects, train more specialists in Africa, continue to dispatch and optimize aid medical teams, and conduct medical visits.
The seventh is to implement humanities exchanges. China has decided to set up the China Africa Research Institute to implement 50 cultural and sports tourism projects, and support more African countries to become Chinese citizens to travel abroad.
Eight is the implementation of peace and security operations. China has decided to establish the China-Africa Peace and Security Cooperation Fund to support China-Africa peace and security and peacekeeping cooperation and continue to provide free military assistance to the African Union. Support Africa’s counter-terrorism; establish the China-Africa Peace and Security Forum to provide a platform for China and Africa to strengthen exchanges in the field of peace and security.
Xi Jinping said that in order to promote the smooth implementation of the “Big Eight Actions”, China is willing to provide 60 billion US dollars of support to Africa through government assistance, financial institutions and corporate investment and financing, including: providing 15 billion US dollars of free aid and interest-free loans. And concessional loans; provide 20 billion US dollars in credit funds; support the establishment of 10 billion US dollars of China-Africa development finance special funds and 5 billion US dollars from Africa’s import trade financing special funds; promote Chinese companies to invest in Africa in the next three years At $10 billion. At the same time, African least developed countries, heavily indebted poor countries, landlocked developing countries and small island developing States with diplomatic relations with China have been exempted from outstanding intergovernmental interest-free loan debts as of the end of 2018.
The South African President of the China-Africa Cooperation Forum, South African President Cyril Ramafu, also delivered a speech. He expressed his gratitude to China for its support of 60 billion U.S. dollars.