China-Africa economic and trade cooperation is continuing to gather momentum, driven by a slew of concrete plans for modernization, said Chinese and African business community leaders and officials who attended the Eighth Conference of Chinese and African Entrepreneurs in Beijing on Friday.
Africa and China should work more closely to elevate economic and trade cooperation to higher levels, Chinese Premier Li Qiang said at the entrepreneur conference's opening ceremony
Li noted that Chinese President Xi Jinping made a keynote speech at the opening ceremony of the 2024 summit of the Forum on China-Africa Cooperation (FOCAC) on Thursday announcing a package of new measures for pragmatic cooperation with African countries and proposing a package of major initiatives on both sides' joint pursuit of modernization.
Aligned with the theme of the 2024 FOCAC summit, "Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future," the eighth Conference of Chinese and African Entrepreneurs focuses on the integration of industrial and supply chains and the development of emerging industries.
"I think it will bring a lot of opportunities. The good thing is today we are meeting the business people and as the government, our job is to facilitate the private sector to meet, and the businesspeople are the ones who then generate the business. So for us, like I said before, our focus is going to be on making sure that we tap into the massive potential that is here in China in terms of agriculture exports and imports," said Allan Majuru, CEO of ZimTrade, Zimbabwe's export promotion agency.
"We want high-tech agricultural techniques, research, and development in terms of the seeds that are easily growing in Namibia, as well as a market for high-value fruits and vegetables in China," said Selma Namutuwa, manager of investment attraction at Namibia Investment Promotion and Development Board (NIPDB).
About 1,000 attendees were present at the opening ceremony of the conference, including African leaders attending the FOCAC summit and business representatives from both sides.
Companies are represented in traditional industries such as infrastructure, finance and trade, as well as emerging industries such as electronic technology, communication satellites, and even biotech companies such China's BGI Group.
"At BGI, we have projects, we have laboratories today in a few African countries like South Africa, Ethiopia, and Sierra Leone. We aim to do more screening project and also genetic research together with more African countries," said Xiong Tao, vice president for international development of BGI Group.
Li Zongping, general manager of Tianjin Zhongtou Group, stressed the complementary nature of African and Chinese industries.
"The opportunities for enterprises are huge. For example, China's clean energy and its advanced digital communications can help African countries develop rapidly. At the same time, Africa also has many products, such as agricultural products, which can also be fed back to China," she said.