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China-Africa Private Sector Cooperation Summit held in Zhejiang

Updated: Sep 7,2018 9:31 AM     Xinhua

HANGZHOU — The first China-Africa Private Sector Cooperation Summit was held in the city of Hangzhou, capital of East China’s Zhejiang province, on Sept 6.

More than 300 representatives from governments, private sectors and institutions of China and African countries attended the summit.

Themed “Deepen the cooperation in the private economy between China and Africa”, the summit aims to implement the Belt and Road Initiative, build a platform for the exchange and cooperation between Chinese and African enterprises, promote high-quality cooperation, realize mutual benefit and win-win results and build a stronger China-Africa community with a shared future.

“Private investment can inject vitality into the economy, boost exchange, increase employment opportunities and achieve common prosperity,” said Senegalese President Macky Sall.

He suggested that China and Africa should simplify private investment procedures, improve commercial management and environment, strengthen the partnership between Chinese and African private enterprises, and encourage Chinese companies in Africa to take part in the management of African companies.

A series of economic cooperation agreements were signed at the summit, covering a wide range of fields including aviation, industrial zone construction, international business dispute mediation and transnational e-commerce.

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