BEIJING, Aug. 17 (Xinhuanet) --The Ministry of Commerce on Monday launched the China-Africa Research Center, a think-tank focused on the economies of the two regions, to further bolster trade relations with Africa.
|An African business woman showcasing goods with unique African flavor to customers in |
Guangzhou. (Photo: China Daily)
The new unit will utilize ministry resources and discuss and deliberate on key economic issues about African nations. It will also provide the government with theoretical clues on future policies for Sino-Africa economic and trade ties and help Chinese companies planning ventures in Africa with consultancy services," said Fu Ziying, vice-minister of commerce.
Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation, said in the next three to five years, the center may become the most important think-tank in the nation providing economic and trade policy solutions."
China's outbound investment in Africa has gained strong momentum recently, especially in sectors like manufacturing, finance, mining and agriculture. But very few know much about African nations and rarely possess global vision and strategic thinking. This often leaves a bottleneck in bolstering China-Africa economic relations, said Fu.