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Li said China is willing to encourage its enterprises to invest in Egypt and to engage in cooperation in industrial capacity and processing trade via the Suez Canal industrial park for broader markets and mutual benefits, while noting that he hopes Egypt can provide preferential policies in taxes and other respects.
Kerris Habwacha, another third year student also welcomed the initiative, saying it will bring a lot of benefits to the African continent.
Xi said they have unanimously adopted the summit's outcome documents, setting the direction for the development of China-Africa relations.
A clear boundary should be set to separate government debt from corporate debt, with local governments strictly banned from borrowing in the form of corporate debt, according to the guidelines.
"At the heart of Deng's reform policy is innovation," a policy that China prioritizes today, said Jacques.
