Chinese President Xi Jinping held talks with Nigerian President Bola Tinubu in Beijing on Tuesday afternoon, calling for joint efforts to build a high-level China-Africa community with a shared future.
At the invitation of Xi, Tinubu arrived in Beijing on Sunday for the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) and a state visit to China.
During the talks, Xi said he was pleased to get acquainted with Tinubu.
Xi said Nigeria is a major African country with significant influence, a large population, and great development potential.
China is willing to take the forum's Beijing summit this time as an opportunity to summarize the historical experiences of China-Africa friendship, and promote the building of a high-level China-Africa community with a shared future, said the Chinese president.
"Since the establishment of diplomatic ties more than half a century ago, China and Nigeria have always respected each other, treated each other equally and embarked on a path of self-strengthening through unity and win-win cooperation. At a new starting point, the ever-growing strategic coordination of China and Nigeria, two major developing countries, will inject new dynamics into China-Africa relations in the new era and guide the Global South countries to work together in advancement. Here I propose to elevate our bilateral relations to a comprehensive strategic partnership. We jointly convene the new FOCAC summit this time, and will work together to review the historical experience of China-Africa friendship and push for the building of a high-level China-Africa community with a shared future," said Xi.
For his part, Tinubu thanks China for its warm hospitality. Nigeria and China have maintained good relations for over half a century, and their cooperation has promoted Nigeria's economic development, he said.
"China-Nigeria relations that so far has half a century [of history] should further strengthen our trade and economic development program. We believe that you have reformed the Chinese economy, and our program too is on that course," said Tinubu.
Xi calls for building high-level China-Africa community with shared future
Xi calls for building high-level China-Africa community with shared future
Xi calls for building high-level China-Africa community with shared future
Xi calls for building high-level China-Africa community with shared future
China in 2024 saw a faster transformation and upgrading of investment in manufacturing industry, a strong growth of investment in high-tech industries, and a rebound of investment in infrastructure construction, according to the latest data released by the National Bureau of Statistics on Saturday.
The investment in manufacturing industry grew by 9.2 percent compared to the previous year, or six percentage points higher than the growth rate of overall investment. In particular, investment in technological upgrades of manufacturing industry increased by eight percent, or 4.8 percentage points higher than overall investment growth.
Private investment in manufacturing grew by 10.8 percent, driving up overall private investment by 5.3 percentage points.
The structure of investment continued to optimize. Investment in high-tech industries rose eight percent compared to the previous year, which was 4.8 percentage points higher than the growth rate of overall investment. In particular, investment in high-tech manufacturing grew by seven percent, and that in high-tech service industry grew by 10.2 percent. Investments related to high-tech industries, such as aerospace equipment manufacturing and professional technical services, increased by more than 30 percent.
In 2025, China plans to moderately increase central government budgetary investments, issue ultra-long-term special treasury bonds and local government special bonds, and enhance efforts to support projects for implementing major national strategies and building security capacity in key areas, as well as implementation of large-scale equipment upgrades and consumer goods trade-in programs, with the aim of stimulating private investment activity through various measures, effectively leveraging government investment to drive social investment, improving investment efficiency, and promoting steady growth in investments.
Transformation, upgrading of China's manufacturing investment accelerates in 2024