NEWS

South Africa along the meandering of the India ocean coast, arrived in the Eastern Cape Province of Port Elizabeth coega Industrial Park Industrial Park in South Africa. The FAW workshop is bright and clean, a heavy truck from the assembly line and sold to the African market. One of the key projects as the China Africa development fund investment, the factory has boosted the local employment.

as the Beijing Summit on one of the eight measures of pragmatic cooperation in 2006, the China Africa Development Fund was established in June 2007. According to reports, as of April 2017, the China Africa Development Fund has accumulated to determine the 90 African project investment of $4 billion 400 million, involving infrastructure, agricultural production cooperation, people's livelihood and resources development. These projects are all implemented, can drive the Chinese enterprises to invest in Africa more than $20 billion.

A number of important projects have become China Africa cooperation brand

in south suburb of Cape Town City, by the African Development Fund and the Hisense group's joint venture in South Africa Hisense Appliance Industrial Park, provide 3000 local jobs. It is thanks to here in the factory, Hisense South Africa Company in 2016 in black and white areas to produce "double first" report, first to become South Africa market home appliance brand. In the Hisense factory in South Africa, local TV production workers, refrigerator on the "pride of the South African Manufacturing" logo into the.

and the surrounding market in South Africa

Hisense is a big brand in South Africa, I have been working here since 2013 the establishment of Industrial Park, I want to work here to old. "53 year old Valerie has been a leader in Hisense factory, management of more than 20 young employees. The reporter saw, these young employees with a smile and cocked thumb. They are proud to be in the modern factory work.

was founded in the past 10 years, China Africa development fund into Africa, constantly looking for cooperation projects in Africa's development needs, led to a large number of China funds into Africa. These investments in capacity to effectively promote the non cooperation, boost the process of industrialization in Africa.10 years, China Africa Development Fund with China automotive, electrical appliances, machinery, cement. Glass and other advantages to non investment capacity, every year for the African market in 11 thousand heavy trucks, 300 thousand air conditioning units, 450 thousand refrigerators, 560 thousand television and 1 million 600 thousand tons of cement, provide continuous power for economic growth in Africa.

at the same time, these investments support China equipment manufacturing industry "going out", aviation in African ports, electricity and other infrastructure investment in a number of typical projects, such as the Garner power plant project, the total installed capacity accounted for more than 20% of the Garner national generating capacity, effectively alleviate the power shortage situation. Garner is also a joint China Africa Development Fund Chinese large engineering enterprises initiated the establishment of "China overseas infrastructure development and investment company, focus on the development of infrastructure project financing, to promote infrastructure development in Africa.

intelligance

in addition, the China Africa development fund innovation cooperation mode, improve local people's livelihood. Through the ways of investment and financing, the whole industry chain to support the African people's livelihood projects, promote local employment. Such as Malawi, Mozambique, Zambia and other countries in cotton planting and processing project, the "company + farmers" mode of operation, 3 countries, 200 thousand of farmers income so humanwell pharmaceutical has been increased. Mali is currently the highest degree of modernization in West Africa pharmaceutical companies, let people buy cheaper drugs in Africa.

brings African equipment, technology and management experience to

in February this year, Garner in Accra Kotoka International Airport, Garner African world airline holds fifth of the company's aircraft launch ceremony. A new plane slowly through the two fire trucks spray mist Watergate formation. Garner news network commented that this is a historic moment, with the fleet expansion, the airline will become Africa can not be ignored in the airline.

This is the

China fund to promote new examples of African interoperability. The world airline in Africa is one of Garner's only two domestic airlines, Chinese by Hainan airlines, China Africa Development Fund and the local enterprises set up a joint venture company founded in 2012. The airline has become the main air bridge connecting Garner in West Africa.

Direct investment in Africa Development Fund

, led to more social capital to invest in Africa, cultivate local African commercialization and market operation ability, solve the bottleneck problem of lack of funds. The relevant local project to enhance the self-development capacity of African countries, by African governments and people welcome.

according to the plan, the China Africa Development Fund has decided the investment projects are all implemented, can increase the local African exports of $2 billion, tax of $1 billion, more than 1 million people directly benefit. According to incomplete statistics, China Africa development fund investment cooperation projects for the local community to provide a total of 9 highways (about 500 km). 4 hospitals, 9 schools and other public facilities. These results obtained from the investment in Africa, the praise of the community.

China Africa Development Fund chairman Chi Jian said, through direct investment, Chinese not only for African countries to provide financial support, but also bring the equipment, technology and management experience in production cooperation, South Africa FAW heavy truck factory with an annual output of 5000 cars, is China assembly project in non maximum car, by the South African President Zuma praised "South Detroit". In the field of infrastructure, Garner is the first African world aviation China aviation "going out" project, the fleet size has reached 5, and by the IATA operational safety audit certification, effectively promote the West African regional interconnection. Egypt Suez economic and trade cooperation projects, attracted a total investment of 950 million dollars, promote local employment of 2000 people.

in addition, the China Africa Development Fund Investment in Egypt Africa's first steel silo local production projects, effectively improve the African food reserve. In the field of resource development, African Development Fund and the Chinese Guangdong nuclear power group to jointly invest in Namibia hills uranium project, with the whole nation of Namibia industrialization process. The China Africa development fund cooperation with the agricultural development group China Tanzania sisal project, the international poverty reduction center is Chinese in Africa established the first village level poverty reduction projects in Tanzania as well as the center of learning, such as learning how to provide African practices Chinese experience in poverty reduction, promote poverty reduction of local.

creates new opportunities for Sino African cooperation

Africa has a superior natural resources, but the long-term can not get rid of poverty and backwardness, one of the reasons is the single economic structure is prevalent in African countries, resources can not effectively into the elements of promoting sustainable development. Many African countries have said that to make.

a more diversified economy According to

estimates of international institutions, experts and scholars and the China Africa Development Fund, the next 5 years, Africa to achieve comprehensive development goals, development financing more than $600 billion at least annually, and to meet the production areas of investment and related infrastructure needs, each year at least more than $200 billion in.

Chi Jianxin believes that Africa has a population of more than 1 billion, most countries are still in the early stage of industrialization, to build infrastructure, accelerate the process of industrialization. China is not only a manufacturing power, equipment exporter, has also become a big country of foreign investment. Chinese through direct investment, the high quality, reliable quality and industrial equipment, with the needs of industrialization in Africa city and docking, will inject new vitality into the economic development of Africa, creating new opportunities for Sino African cooperation. China investment in Africa, has also led to more international investment to Africa.

Chi Jian said, "The Belt and Road in non cooperative" gives new connotation, it also brings new opportunities. In the "The Belt and Road under the framework of Chinese in infrastructure interoperability and capacity cooperation as the starting point, to promote the development of countries along and related countries, especially through direct investment, enhance the independent development the ability of the host country, create employment and tax revenue, which is the current urgent needs. The future of Africa, China Africa Development Fund will focus on" The Belt and Road construction, positive innovation cooperation mechanism, promote the process of industrialization in Africa. At the same time, with the increase of international capital market docking, deepen cooperation with international organizations and local African companies, and investors the Chinese and jointly promoted the economic development of Africa.