China’s Xi, at China-Africa Summit: China is willing to unilaterally expand market access.

China’s President Xi, speaking at the China-Africa Summit:

• China will train African governance personnel and invite 1,000 African party members to visit China for dialogue.
• China is willing to unilaterally expand market access.
• China is willing to sign a trade cooperation framework agreement with African countries to provide long-term stability to trade relations.
• China is willing to create a supply chain expansion circle with Africa and promote the ability of African SMEs to enrich themselves.
• China will establish 24 digital model projects to promote technological revolution in Africa.
• China is willing to establish 30 infrastructure connectivity projects in Africa and promote high-quality Belt and Road projects.
• China is willing to provide help towards establishing an African free trade zone.
• China is willing to release a joint statement with Africa under the Global Development Initiative, involving 1,000 projects.
• China is willing to establish the China-Africa Hospital League, establish a joint medical center, and launch 20 medical and sanitary projects with Africa.
• China is willing to give all possible help towards fighting epidemics in Africa.
• China will provide 1 billion yuan of emergency food assistance to Africa.
• China will establish 500 charitable projects in Africa.
• China will establish a China-Africa platform for the peaceful use of nuclear energy.
• China is willing to establish 30 new energy projects in Africa.
• China will provide 1 billion yuan in military aid to Africa.
• China will launch China-Africa joint military drills and patrols.
• China will jointly uphold the safety of personnel and projects in Africa.
• In the next 3 years, the Chinese government is willing to provide 360 billion yuan in financial assistance towards this.
• China will provide a new opportunity for Africa to achieve its dream of modernization, stating, “On the road to modernization, not one country can be left behind.”

This article was written by Eamonn Sheridan at www.forexlive.com.