China's accumulated direct investment in Africa topped 15 billion U.S. dollars as of the end of last year, according to official data.
Figures issued at the fifth Forum for China-Africa Cooperation (FOCAC) ministerial meeting held last July showed that China has helped local communities build 100 schools, 30 hospitals and 20 agricultural technology demonstration centers across the African continent. China has also trained 40,000 technicians in African countries.
At the meeting, former President Hu Jintao pledged to send 1,500 medical personnel to Africa, implement the "African Talent Program" to train 30,000 personnel in multiple sectors, offer 18,000 scholarships and build cultural and vocational training facilities in Africa.
New Chinese President Xi Jinping's ongoing visit to three African nations also sends a clear message that China wishes to forge ahead in developing mutually beneficial cooperation.
Xi has pledged to expand investment and financing cooperation with Africa and follow through on a commitment to provide a 20-billion-U.S.-dollar credit line to African nations from 2013 to 2015. He has stressed that China will not only provide loans, but also training programs.
At a press briefing held before Xi left Beijing, Vice Foreign Minister Zhai Jun stressed raising the quality of the China-Africa trade partnership, saying "making quick money and leaving is a myopic action."
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