免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Economy

Markets

Industries

Insights

Reports

Events

China-Africa Development Fund grants $90m investment

(Xinhua)
Updated: 2008-09-09 14:32

The China-Africa Development Fund (CAD Fund) has granted six investment projects involving more than $90 million since it was established in June last year, said a CAD Fund executive on Monday.

"There are almost 100 more projects under consideration, which means further investment in African countries in the future," said Chi Jianxin, president of the CAD Fund company, at a seminar on investment in African countries held in Xiamen City in the eastern Fujian Province.

The fund has so far established strategic relations with more than 10 major enterprises in China with a view to fully promoting business cooperation with African countries.

The fund focuses investment in agriculture, manufacturing, infrastructure, natural resources exploration and industrial parks in African countries in order to enhance local sustained development.

"For instance, the glass plant project in Ethiopia where the CAD Fund holds 40 percent shares is expected to end Ethiopia's history of incapability of producing glasses," Chi said.

The CAD Fund is one of eight measures for China-Africa practical cooperation announced by President Hu Jintao at the Beijing Submit of the Forum on China-Africa Cooperation in November 2006.

As an equity investment fund, it aims at supporting Chinese enterprises in expanding their investment in African countries.

The fund started operation on June 26, 2007, with the first-stage capital of $1 billion contributed by China Development Bank. The fund size was expected to reach $5 billion.