2015年CRI China to Increase Investment in Africa

China to Increase Investment in Africa

Vice¹ Commerce Minister Qian Keming says future cooperation will focus more on strengthening infrastructure² construction in Africa and helping³ the continent to realize industrialization and agricultural modernization⁴. 

Speaking at a press conference on Thursday, Qian says China and Africa have mutually benefited from their cooperation.

"China has been Africa's largest trading partner for the past six-consecutive-years. The trade volume between the two reached 220 billion U.S dollars in 2014, 20 times higher than the figure when the Forum⁵ was established. Africa is an emerging destination for investment from Chinese enterprises. The stock of direct investment from China to Africa has reached 32.4 billion US dollars, growing by over 30% yearly in the past 15 years."

Despite the robust⁶ figures, trade between China and Africa has been under downward pressure since a slowdown in the world economy this year.

Qian points out that this is largely due to the slide in global commodity trading prices.

He notes that China's imports from Africa have largely not been affected⁷ by the trend, while China's exports to Africa reached 80.9 billion U.S dollars, representing a 5.8% year on year growth.

Qian said all these figures show that cooperation between China and Africa is looking optimistic but that there are indeed some imbalances in the Sino-African trade structure which need to be adjusted in the future.

"China has trading surplus while Africa has a deficit⁸. Also the trading structure is not diversified⁹ enough. Until now, our imports mostly focus on natural resources and some primary agricultural products. So we will try to diversity our imports from Africa. On the other hand, China will expand the investment scale to Africa, and promote further production capacity cooperation."

Qian says China will unveil a package of cooperation proposals at the Johannesburg meeting to help African countries upgrade industrial structure, safeguard food security and build infrastructure.

Also at the summit, Chinese companies will exhibit their expertise¹⁰ in the areas of railway, aviation, electricity, telecom, machinery¹¹ and smart manufacturing.

For CRI, I am Min Rui.

1 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

2 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

3 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。

4 modernization   

n.现代化，现代化的事物

参考例句：

• This will help us achieve modernization.这有助于我们实现现代化。
• The Chinese people are sure to realize the modernization of their country.中国人民必将实现国家现代化。

5 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

6 robust   

adj.强壮的，强健的，粗野的，需要体力的，浓的

参考例句：

• She is too tall and robust.她个子太高，身体太壮。
• China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。

7 affected   

adj.不自然的，假装的

参考例句：

• She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
• His manners are affected.他的态度不自然。

8 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

9 diversified   

adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域

参考例句：

• The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
• Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》

10 expertise   

n.专门知识(或技能等)，专长

参考例句：

• We were amazed at his expertise on the ski slopes.他斜坡滑雪的技能使我们赞叹不已。
• You really have the technical expertise in a new breakthrough.让你真正在专业技术上有一个全新的突破。

11 machinery   

n.(总称)机械，机器；机构

参考例句：

• Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗？
• Machinery ought to be well maintained all the time.机器应该随时注意维护。