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China's reform and opening-up that began in the late 1970s "has had remarkable positive effects on China's standard of living," Obstfeld said in a recent interview with a small group of reporters ahead of his retirement from the IMF at the end of the year.
China, with its Belt and Road Initiative launched in 2013, and also the Beijing-headquartered Asian Infrastructure Investment Bank, which opened in 2016 and has 87 member countries, is one nation which has prioritized and led the way on infrastructure.
China-Africa industrial capacity cooperation has become a maxim as more and more African countries are zealous to espouse the epoch-making possibilities that are brought about by China's economic transformation and modernization. In this sense, African countries have become the center of Chinese overseas investments in order to stimulate their own industrialization strategies.
China-Africa trade surged 16.8 percent year-on-year to .8 billion in the first quarter of the year, thanks to their deepening cooperation, said a spokesman for the Ministry of Commerce.
China-owned technology, media and telecommunications companies based in the United Kingdom grew rapidly last year, while the 800 largest Chinese enterprises in Britain increased revenue growth by 17 percent on 2018, according to a new report.
来源：资阳报