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Morocco to host 2nd China-Africa Investment Forum
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IANS | 21 Nov, 2017
The second China-Africa Investment Forum (CAIF) will be held in the
Moroccan city of Marrakech on November 27-28, the organisers said in a
statement.
The forum will bring together over 400 high-level Chinese and African business leaders.
The
event will facilitate business meetings between the main stakeholders
of trade and investment between China and African countries in order to
foster sustainable partnerships with high added value, particularly in
the industrial sector, the statement said, Xinhua news agency reported.
The
forum dedicates two days of conferences and debates to the financial
implications for African economies and making the continent a true
industrial platform, it pointed out.
Alongside the conferences,
practical workshops will provide insights into and keys to understanding
Chinese and African economic policies and operational environments, it
added.
With more than 122 billion USD in trade and 2.5 billion
dollars of non-financial direct investment in 2016, China is Africa's
most important trading partner today, the CAIF pointed out.
The
launch of the Belt and Road Initiative means Africa needs to equip
itself with the tools to effectively receive and use Chinese investment
to accelerate its economic transition, it said.
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