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China helps Africa on path to modernization with shared development: president of Republic of Congo

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      China

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      China helps Africa on path to modernization with shared development: president of Republic of Congo

      2024-09-20 22:16 Last Updated At:23:27

      China extends a helping hand to African countries on the path to modernization, making sure that no country is left behind in the journey towards shared development, which is a collective endeavor with profound significance, according to Denis Sassou Nguesso, President of the Republic of Congo.

      Sassou made the remarks in an exclusive interview with China Central Television (CCTV) in early September while he was in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) and a state visit.

      Chinese President Xi Jinping delivered a keynote speech titled "Joining Hands to Advance Modernization and Build a Community with a Shared Future" while attending the opening ceremony of FOCAC on Sept 5.

      Xi emphasized in his speech that on the path to modernization, no one, and no country, should be left behind.

      "First, President Xi Jinping solemnly announced in his keynote speech that all African countries maintaining normal diplomatic relations with China, whether large or small, have their ties elevated to the level of comprehensive strategic partnerships with China. This move demonstrates China's deep care and steadfast support for African countries, especially those with a relatively weak development foundation. Extending a helping hand and moving forward together to make sure that no country is left behind on the path of shared development, this undoubtedly represents a collective endeavor of profound significance," Sassou said.

      And this endeavor sends a clear signal to Global South countries that Africa and China have embarked on a new journey together, he noted.

      When discussing the fundamental differences between the modernization processes of the West and those represented by developing countries such as China and African countries, the president stated that he has no intention of delving into the modernization process of the West. This is because it stems from a complex historical context, often achieved through the domination and exploitation of other nations.

      "Since first setting foot on this land in 1964 until now in 2024, I have personally witnessed the remarkable social progress and leap in modernization achieved by the Chinese people through their own perseverance and cooperation with people around the world under the leadership of the Communist Party of China. In my view, this represents an unprecedented development and modernization model," Sassou said.

      China helps Africa on path to modernization with shared development: president of Republic of Congo

      China helps Africa on path to modernization with shared development: president of Republic of Congo

      Next Article

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

      2025-01-20 22:37 Last Updated At:23:07

      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

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

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