Botswana-china Busi­ness Fo­rum Held in Gaborone

China's Foreign Trade (English) - - Briefing -

A busi­ness fo­rum be­tween Botswana and China was held in Gaborone, Botswana on July 23. The Chair­man of the China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade (CCPIT) Jiang Zeng­wei, Min­is­ter of In­ter­na­tional Af­fairs and Co­op­er­a­tion Unity Dow of Botswana and Chi­nese Am­bas­sador to Botswana Zhao Yanbo at­tended and ad­dressed the fo­rum.

Jiang Zeng­wei noted, China and Botswana have a long-term friend­ship. The two coun­tries have es­tab­lished mu­tu­ally ben­e­fi­cial eco­nomic and trade ties. Both sides are com­ple­men­tary in re­sources and in­dus­trial ad­van­tages, bear­ing huge co­op­er­a­tion po­ten­tials in in­fra­struc­ture, ca­pac­ity, agri­cul­ture and other sec­tors.

“We hope en­ter­prises of both coun­tries can fos­ter ex­change through this fo­rum to seek more trade and in­vest­ment op­por­tu­ni­ties, and achieve more progress. The CCPIT is will­ing to join hands with trade pro­mo­tion agen­cies of Botswana to cre­ate more fa­vor­able con­di­tions for the co­op­er­a­tion be­tween en­ter­prises of the two sides and bring more im­pe­tus to bi­lat­eral eco­nomic and trade de­vel­op­ment,” added Jiang.

Unity Dow said that Botswana’s gov­ern­ment at­taches great im­por­tance to de­vel­op­ing re­la­tions with China, and is will­ing to launch more prac­ti­cal co­op­er­a­tion. She said Botswana boasts vig­or­ous econ­omy, well-made rules and reg­u­la­tions, and an abun­dance of nat­u­ral re­sources and hu­man re­sources. Botswana is will­ing to ex­pand trade with China, and at­tract more Chi­nese in­vest­ment so as to con­trib­ute to Botswana in its di­ver­si­fied econ­omy and sus­tain­able de­vel­op­ment.

Zhao hoped Chi­nese en­ter­prises can learn about Botswana and find more co­op­er­a­tion op­por­tu­ni­ties to achieve mu­tual ben­e­fits with the lo­cal com­pa­nies by fa­vor of the healthy de­vel­op­ment of China-botswana re­la­tions and prac­ti­cal co­op­er­a­tion.

The Chi­nese econ­omy is per­form­ing well, and re­forms are mak­ing good progress, in par­tic­u­lar in the fi­nan­cial sec­tor. De-risk­ing has ad­vanced fur­ther. Credit growth slowed. Over­ca­pac­ity re­duc­tion has pro­gressed. An­tipol­lu­tion ef­forts in­ten­si­fied, and open­ing-up has con­tin­ued.

The ad­di­tional tar­iff on the in­ter­me­di­ate prod­ucts from China means it will cost more to pro­duce goods for U.S. man­u­fac­tur­ers, and even­tu­ally it will be the U.S. con­sumers who pay the bill.

Higher growth in the high-tech and equip­ment man­u­fac­tur­ing in­dus­tries in­di­cates that China’s in­dus­trial struc­ture has con­tin­u­ally im­proved and the in­no­va­tion ca­pac­ity of in­dus­try has been en­hanced.

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