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China's development will bring more opportunities to Africa, while Africa's development will add momentum to China's development, President Xi Jinping said.
China's economy has been transiting from a phase of rapid growth to a stage of high-quality development, Xi said in his report at the opening session of the 19th National Congress of the Communist Party of China (CPC).
China's non-financial ODI on projects in 56 Belt and Road economies totaled .64 billion last year, up 8.9 percent, it said.
China's new energy vehicle giant BYD Co Ltd announced on Tuesday evening the restructuring of its wholly-owned subsidiary — now named BYD Semiconductor Co Ltd — in a bid to deeply integrate its semiconductor business, offer better products to the industry, and actively seek an independent listing at an appropriate time.
China's investment in fixed assets rose 8.9 percent year on year in the first four months of 2017, easing pace from 9.2 percent in the first quarter but reflecting the ongoing restructuring of the economy, as investment growth rate in the service sector far exceeded the industrial sector.
