China-africa bond

Xi has always maintained that China and Africa is a community of shared destiny and that no matter what the international situation will be and of whatever position China might attain, it will stick to its brotherly and friendly cooperation with Africa.

In his first ever foreign tour as Chinese president in 2013, he flew from Moscow straight to Africa and delivered his pivotal speech from which China and Africa have been advancing their frontiers of cooperation, leading to a 78-page report issued last June by a global consulting group, Mckinsey & Co., with the title of Dance of the Lions and Dragons: How Are Africa and China Engaging, and How Will the Partnership Evolve? In its executive summary, the report said, “In a mere two decades, China has become Africa’s biggest economic partner. Across trade, investment, infrastructure financing, and aid, there is no other country with such depth and breadth of engagement in Africa.

The Chinese ‘ dragons’ - firms of all sizes and sectors - are bringing capital investment, management know-how, and entrepreneurial energy to every corner of the continent - and in so doing, they are helping accelerate the progress of Africa’s ‘ lions’ as its economies are often referred to.”

The outcomes of the 19th CPC National Congress will surely release fresh energy to the current momentum of Sino-african cooperation, drive the dynamic wave of industrialization, sustain and even accelerate the pace of key and strategic infrastructure construction and transform and bring about the long awaited agricultural modernization in Africa. ( The author is the director of Center for China Studies, Abuja, Nigeria)

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