China-Africa Economic and Trade Cooperation (2013)

BEIJING - The Information Office of the State Council, or China's Cabinet, published a white paper on "China-Africa Economic and Trade Cooperation" on Thursday. Following is the full text:

China-Africa Economic and Trade Cooperation (2013)

Information Office of the State Council

The People's Republic of China

August 2013 Beijing

Contents

Foreword

I. Promoting Sustainable Development of Trade

II. Improving the Level of Investment and Financing Cooperation

III. Strengthening Cooperation in Agriculture and Food Security

IV. Supporting African Infrastructure Construction

V. Stressing African People' s Livelihoods and Capacity Building

VI. Promoting Cooperation under the Multilateral Framework

Conclusion

Appendix I

Appendix II

Foreword

Currently, as the international situation undergoes profound and intricate changes, newly emerging and developing economies have become the major force pushing forward the world's economic development. In tune with the changes in the international environment, China and African countries are, within the framework of the Forum on China-Africa Cooperation (FOCAC), continuing to deepen the new type of China-Africa strategic partnership, vigorously advancing economic and trade cooperation, and actively exploring a common path that reflects both China's and Africa's realities.

China has become Africa's largest trade partner, and Africa is now China's major import source, second largest overseas construction project contract market and fourth largest investment destination. China-Africa economic and trade development has improved people's livelihoods and diversified economic development in African countries, provided strong support for China's socio-economic development, and contributed to promoting South-South cooperation and balanced world economic development.

Through the common efforts of China and Africa, bilateral economic and trade cooperation now enjoys a consolidated foundation and improved mechanisms, with new common interests and growth points in cooperation constantly emerging. In March 2013, China's President Xi Jinping visited Africa and announced a series of new measures to support Africa's development, providing a powerful impetus for the advancement of China-Africa economic and trade relations.

In 2010, the Chinese government published a white paper on China-Africa economic and trade cooperation. This latest white paper provides a further introduction to the progress of bilateral economic and trade cooperation in recent years.