China is willing to make every effort to help Africa get out of the “underdevelopment trap” and realise the “African dream” at an early date, Chinese State Councillor and Foreign Minister Wang Yi said here on Saturday.
Wang made the remarks while attending the Group of 20 (G20) Foreign Ministers Meeting in Nagoya, Japan.
According to him, lack of fund is the biggest challenge to Africa’s development, with an annual infrastructure investment gap of 100 billion U.S. dollars. China’s infrastructure projects in Africa generate more than 50 billion U.S. dollars in revenue every year, he said.
For example, the Mombasa-Nairobi Standard Gauge Railway has created nearly 50,000 local jobs, driving Kenya’s economic growth by about 1.5 percent, Wang said, adding that China-Africa cooperation is part of South-South cooperation and is mutual help between friends and brothers.
China attaches great importance to the debt issue, actively helps African countries improve their debt management capacity and provides necessary support when they encounter difficulties, Wang said. The two sides have made positive progress in jointly building the Belt & Road with high quality, he added.
The Belt & Road Initiative is highly compatible with the 2030 Agenda for Sustainable Development, the African Union’s Agenda 2063 and development strategies of African countries, forming a strong synergy for promoting common development, Wang said.
In order to better help Africa achieve sustainable development, it is necessary to focus on solving the three major development bottlenecks, namely lagging infrastructure, lack of talent and capital shortage, while solving the three livelihood issues of employment, food and clothing and health, he added.
In this regard, China will adhere to the principle of upholding justice while pursuing shared interests and the principle of sincerity, practical results, affinity and good faith, and work tirelessly to help Africa develop, Wang said.
China has helped Africa build more than 10,000 km of roads, over 6,000 km of railways and a large number of libraries, schools, hospitals and other livelihood facilities throughout the continent, greatly promoting local development, Wang said.
Meanwhile, more than half of the eight action plans and supporting financing announced at the Beijing Summit of Forum on China-Africa Cooperation last year have been implemented or seen concrete arrangements.
He called on developed countries to honour their commitments to Africa and provide tangible assistance in capital and technology among others. China is ready to work with all parties to give full play to respective advantages, jointly promote peace, stability and development in Africa and help African countries realise the “African dream” at an early date, he said.