CHINA / National

President Hu's Arab-African visit fruitful: FM
(Xinhua)
Updated: 2006-04-30 08:57

Innovating Way of Cooperation, Consolidating Practical Cooperation

During the visits, Hu noted that China would work with the four nations to develop mutually complementary and win-win cooperation.

He put forward a series of proposals, including extending bilateral cooperation from the single field of trade exchanges to a greater scope covering investment and technology, undertaking contracted projects, and expanding governmental cooperation to a broader range involving governments, enterprises and other economic entities.

President Hu also proposed increasing intelligence-related projects such as cooperation in capacity building, human resources training and technology exchanges, promoting the development of primary products processing to realize value added, optimizing and upgrading traditional manufacturing industry, attaching great importance to facilitating local development and improving people's livelihood.

Hu's proposals and commitments made during the visits were lauded by the governments and business communities of the host countries.

They expected more Chinese corporate investments and cooperation in areas of infrastructure construction, agriculture, manufacturing sector, energy and resources.

Saudi business communities, in particular, expressed their aspirations to establish a strategic and global economic partnership with China.

Some world media believed that the cooperation between China and the four nations plus other developing countries will be more mutually beneficial and China's development will bring about tremendous opportunities for the economic development of the Middle East and African countries.
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