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The AUC official said the willingness by China to invest in new financial institutions would benefit African countries. She said African countries would also benefit from rapid infrastructure development by grasping opportunities created by the new Chinese investments in a new global financial system.

The project has a total investment of 40 billion Chinese yuan (about 6 billion U.S. dollars), 70 percent of which comes from China, while 30 percent comes from Laos.

Ma noted that since 2008, the mainland and Taiwan have signed 23 agreements. Over 40,000 students have taken advantage of academic exchange programs, and now more than 8 million tourists travel between the two sides each year. Annual trade is now worth over 170 billion U.S. dollars.

Noting that the two countries have supported each other and carried out sincere cooperation during their respective development endeavor, Xi stressed that China will never forget its old friends.

Boudou started his visit to China on Wednesday, which will last through Saturday.