China’s top economic planner, the National Development and Reform Commission, recently unveiled a raft of measures to boost economic growth. At the same time, China’s central bank, top securities regulators and financial regulator also announced a raft of monetary stimuli, property market supports and capital market strengthening measures to be implemented in the near future to boost the country’s high-quality economic development. These policy measures include a reserve requirement ratio reduction for banks and a mortgage rate reduction for existing…

The recently held 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing under the theme Joining Hands to Advance Modernisation and Build a High-Level China-Africa Community with a Shared Future unequivocally demonstrated that FOCAC remains the most important flagship collaborative platform between China and Africa and continues to deliver wide-ranging, tangible economic and social results.  The summit unanimously adopted the Beijing Declaration on Jointly Building an All-Weather China-Africa Community with a Shared Future for the New Era and…

It has been my privilege to witness a huge transformation and pivot as well as an enormous development of China from a close distance during my years living in China. I will say that if ever there was a time when African countries needed to be modernised, it is now.   Themed Joining Hands to Advance Modernisation and Build a High-Level China-Africa Community with a Shared Future, the goal of the 2024 Summit on China-Africa Cooperation (FOCAC) held in Beijing is…

Chinese President Xi Jinping will attend the 16th BRICS Summit on Oct. 22-24 in the Russian city of Kazan at the invitation of Russian President Vladimir Putin. BRICS is an acronym for Brazil, Russia, India, China, and South Africa, five major emerging markets with considerable economic potential. It has now evolved into an influential international cooperation mechanism with an expanded membership. Over the past 18 years, China has upheld the BRICS spirit of openness, inclusiveness, and win-win cooperation and helped…

The “eight major steps” proposed by China have brought new opportunities for the high-quality development of the Belt and Road cooperation, according to a report released Tuesday by Xinhua Institute, a think tank affiliated with Xinhua News Agency. Titled “‘Eight Major Steps’ Heralds Promising New Decade of Belt and Road Cooperation,” the report was released at the Belt and Road Forum for International Think Tank Cooperation & the Second Silk Road (Xi’an) International Communication Forum. China announced the eight major…

A think tank report on “eight major steps” proposed by China to support high-quality Belt and Road cooperation stressed consolidating practical cooperation, fostering innovation-driven growth, strengthening risk management, and improving cooperation mechanisms. The report, titled “‘Eight Major Steps’ Heralds Promising New Decade of Belt and Road Cooperation,” was released Tuesday by Xinhua Institute, a think tank affiliated with Xinhua News Agency, at the Belt and Road Forum for International Think Tank Cooperation & the Second Silk Road (Xi’an) International Communication…

China has proven to be a reliable friend and partner, supporting Africa’s development without imposing its will, said Rwandan President Paul Kagame ahead of his attendance of the ongoing Forum on China-Africa Cooperation (FOCAC) summit in Beijing. He made the remarks in a recent written interview with Xinhua. The following is the written interview. Question: Over the past 20 years and more, under your leadership, Rwanda’s GDP has grown at an average rate of nearly 8 percent, becoming one of…

The Forum on China-Africa Cooperation (FOCAC) represents an innovative framework for South-South cooperation and a platform for fruitful exchange and dynamic partnership, and China and Africa will establish a stronger and higher-level partnership in the future, said Senegalese President Bassirou Diomaye Faye in a recent interview with Chinese media here. “The relations between China and Africa shows a dynamic of strengthening and diversification, and FOCAC is an important tool in support of this cooperation,” Faye said. The theme of the…

Xinhua Institute released a research report on Belt and Road development studies during the third Belt and Road Forum for International Cooperation on Wednesday. The report, titled “The Belt and Road Development Studies — A Synergy Approach to Global Development,” was unveiled by Fu Hua, president of Xinhua News Agency, at a thematic forum on think tank exchanges. The report comprises six parts, including the brief history, theoretical logic and global significance of Belt and Road development studies, among others.…

Joaquim Chissano, former President of Mozambique, has said that Africa has gained much from China’s economic development, particularly due to its reform and opening up policy. China inspires African nations in their quest for national renewal and creates new development prospects through mutually beneficial cooperation. Since the establishment of the Forum on China-Africa Cooperation in 2000 and the launch of the Belt and Road Initiative in 2013, exchanges between the two sides have intensified. Platforms such as the China-Africa Economic…