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High-level business dialogues to promote cooperation

CCTV.com

12-04-2015 12:31 BJT

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Business leaders from both sides have come together at high-level dialogues with Chinese and African leaders, and at the 5th Conference of Chinese and African Entrepreneurs.

A forum that brings together business leaders from China and the African continent. Their key focuses of discussion - enhanced cooperation in fields including infrastructure, manufacturing, transportation and energy. Business leaders from both sides want better understanding of each other.

"Africa is developing and every country has its own demands. The market is huge, which provides great opportunities for cooperation. Through this conference, businesspeople could investigate the market first hand and have a deeper knowledge of the market. They can also understand better the development strategies of African countries, and make plans accordingly to tap into the African market," Jiang Zengwei, president of China Council For The Promotion of Int'l Trade, said.

Representatives of dozens of Chinese companies were there - companies on the frontline of China-African cooperation.

"For us, this platform provides a chance of better communication with African companies. Everybody can share their own knowledge. We get to see the market demand, what's really needed in Africa, what China can bring to the table, and we can find our business partners," Sun Pishu, chairman of Inspur Group Co. Ltd., said.

More than 20 agreements worth of 13 billion US dollars have been signed, covering infrastructure, the chemical industry, and finance.

Africa is undergoing rapid economic development. African business leaders say the forum is also an opportunity to learn from the experience of China.

"At the moment, Africa is in a situation where they are wanting to industrialize, and they are wanting to build infrastructure and they are wanting to build energy. China has been through that curve already, and we know China is moving toward a more consumer economy, where they are wanting to build a consumer economy. And that means of course the opportunities are there for African to develop its industrialization and localization," Chichi Maponya, chairman of The Board, Brand South Africa, said.

More than 700 business leaders from both sides attended the conference.

Together they explored new ways for common development and win-win cooperation to catapult African industrialization.

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