China and Africa should simplify private investment procedures, improve commercial management and environment, strengthen the partnership between Chinese and African private enterprises.
President Macky Sall of Senegal, made the call at the first China-Africa Private Sector Cooperation Summit was held in the city of Hangzhou, capital of east China’s Zhejiang Province Thursday.
More than 300 representatives from governments, private sectors and institutions of China and African countries attended the summit.
Themed “Deepen the cooperation in the private economy between China and Africa”, Sall, encourage Chinese companies in Africa to take part in the management of African companies.
The summit aims to implement the Belt and Road Initiative, build a platform for the exchange and cooperation between Chinese and African enterprises, promote high-quality cooperation, realise mutual benefit and win-win results and build a stronger China-Africa community with a shared future.
“Private investment can inject vitality into the economy, boost exchange, increase employment opportunities and achieve common prosperity,” said President Sall.
A series of economic cooperation agreements were signed at the summit, covering a wide range of fields including aviation, industrial zone construction, international business dispute mediation and transnational e-commerce.