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More than 300 representatives from governments, private sectors and institutions of China and African countries attended the summit.

First, China will launch an industrial promotion initiative. We have decided to open a China-Africa economic and trade expo in China; we encourage Chinese companies to increase investment in Africa, and will build and upgrade a number of economic and trade cooperation zones in Africa. We will support Africa in achieving general food security by 2030, work with Africa to formulate and implement a program of action to promote China-Africa cooperation on agricultural modernization. We will implement 50 agricultural assistance programs, provide RMB 1 billion of emergency humanitarian food assistance to African countries affected by natural disasters, send 500 senior agriculture experts to Africa, and train young researchers in agri-science and entrepreneurs in agri-business. We will support Chinese companies in Africa to forge alliance of corporate social responsibilities. We will continue to strengthen cooperation with African countries in local currency settlement and make good use of the China-Africa Development Fund, the China-Africa Fund for Industrial Cooperation and the Special Loan for the Development of African SMEs.

China maintains that all parties should resolve their differences through dialogue on the basis of mutual respect and non-interference in internal affairs, he added.

Currently, China has removed the caps on the foreign ownership of banks. Foreign ownership caps on insurance and securities companies will also be lifted, he said.

Almost every morning, Kirill Koroteev, first deputy director general of the China-Belarus Industrial Park Development Company, drives from his home in Minsk, capital of Belarus, to the China-Belarus Industrial Park in the eastern suburbs, picking up two colleagues on the way.