Xi speaks on Africa policy, pledges assistance

Newly-elected Chinese President Xi Jinping on Monday made a major foreign policy speech on China's relations with Africa at the China-aided Julius Nyerere International Convention Center in Tanzania's economic capital.

Xi, accompanied by Tanzanian President Jakaya Mrisho Kikwete, spoke to a packed auditorium.

He said China will intensify its efforts to expand partnership of mutual benefit with the continent, and pledged to continue to provide assistance including loans and training programs to help African nations.

NOTABLE RESULTS

China-Africa relations have entered "a fast-track of all-round development," said the president, and he gave the credit to the concerted efforts from both sides.

In recent years, bilateral cooperation between China and the continent has produced notable results. In 2012, two-way trade approached 200 billion U.S. dollars. China's accumulated direct investment to Africa topped 15 billion dollars by the end of last year.

Xi said history has shown that China and Africa have always been a community of shared destinies, and similar historical experiences, common development tasks, as well as shared strategic interests have bound the two sides together.

He summed up the defining feature of China-Africa relations as sincerity, friendship, mutual respect, equality, mutual benefit and common development.

"China has done its best to help Africa's development. Yet China is always grateful to African countries and peoples for the firm support and selfless help given to China over the years," he said.

The Chinese leader stressed that China-Africa relations have reached a new historic starting point, with Africa becoming one of the fastest growing regions and forging ahead like a "galloping African lion," and China continuing to enjoy good momentum of development.

In the new environment, China-Africa relations have become more important with greater common interests, instead of less important with fewer common interests, Xi said, adding that "China will intensify, not weaken, its efforts to expand relations with Africa," he said.