Focus should be on infrastructure, manufacturing
By Li Lianxing in Dar es Salaam | China Daily | Updated: 2013-03-27 07:13
Chinese future investment in Africa will become more focused on infrastructure and manufacturing to better serve Africa's economic transformation and industrialization demands, according to a top Chinese investor.
"A more industrialized Africa and sustainable African economy mirrors China's long-term interests in Africa," said Wang Yong, deputy chief executive officer and executive vice-president of the China-Africa Development Fund, which was founded under the Forum on China-Africa Cooperation in 2006.
Differing from traditional cash aid, he said CADF's investment in Africa attaches great importance to giving rather than taking.
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