On July 19, 2012, in Beijing, Chinese president Hu Jintao attended the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation. Hu said that, in the next three years, the Chinese government will promote the new China-Africa strategic partnership and will take measures to support African peace and development in five key areas.
First, expand cooperation in investment and financing. China will provide a US$20 billion line of credit, with a focus on supporting African infrastructure, agriculture, and manufacturing and development of SMEs. Second, continue to expand aid to Africa, including building more agricultural technology centers, training 30,000 professionals for Africa, providing 18,000 government scholarships, and setting up cultural and vocational and technical training facilities; China will provide a 1500-person medical team. Third, build a cooperative partnership with Africa in cross-border inter-regional infrastructure construction; encourage able Chinese companies and financial institutions to be involved in African cross-border inter-regional infrastructure construction; help African countries improve customs and commodity inspection; and promote regional trade. Fourth, support and promote bilateral exchanges and cooperation of non-governmental organizations, women, and youth; set up a "China-Africa News Exchange Center” in China, to support the news agencies with both sides exchanging reporters; continue to implement the" China-Africa Joint Research and Exchange Program” to fund academic institutions and scholars on both sides to carry out 100 academic research, exchange, and cooperation projects. Fifth, China will launch a "Sino-Africa Peace and Security Partnership Initiative," to deepen its cooperation with the African Union and African countries in the field of peace and security, provide financial support to the AU peacekeeping operation, build a standing army, and increase trainings for peace and security officials and the number of peacekeepers for the AU.
Source: Xinhua, July 19, 2012