Industrial Capacity Cooperation: A Boost to Africa's Industrialization
2017/12/14

Remarks by Mr. LI Xuhang, chargé d'affaires a. i. of the Chinese Embassy at the Opening of China-Africa Industrial Capacity Cooperation Exposition

 

Honorable Mr. Adan Mohamed, Cabinet Secretary for Ministry of Industry, Trade and Cooperatives,

Mr. HE Cailong, head of the Chinese delegation,

Excellencies,Dear colleagues of the diplomatic corps,

Distinguished guests,

Ladies and gentlemen,

It is my great pleasure to attend the opening ceremony of China-Africa Industrial Capacity Cooperation Exposition. First of all, on behalf of H.E. Ambassador Liu Xianfa and the Chinese Embassy, I would like to extend my warmest congratulations on the successful organization of the exposition, as well as my appreciation to the China Council for the Promotion of International Trade, China Africa Development Fund and the Kenya Investment Authority, for the great efforts to organize the exposition and the contribution to the promotion of China-Africa industrial capacity cooperation.

Around 40 years ago, (when China’s GDP was less than half of that of Kenya) China adopted the Reform and Opening up policy. Since then, we have worked hard to attract manufacturing industries, capital investment and technology from developed economies, which greatly facilitated China's economic take-off, and the creation of an average of 10 million jobs every year. After 4 decades’ development, China has been elevated to a completely new level in global economic structure and industrial chain and is now the world’s second largest economy and the largest producer of over 220 categories of major industrial products such as steel, cement, automobiles and etc.

It is in the best interest of both China and other developing countries to strengthen industrial capacity cooperation. On one hand, it is a sure path for China to accelerate economic transformation. As China has entered a more mature stage of industrialization with competitive industries and surplus capacity, we are in a much stronger position to relocate the high quality industrial capacity overseas. On the other hand, industrial capacity cooperation serves the needs of developing countries. African countries for instance, are mostly in the early stage of economic take-off or industrialization and urgently need large amounts of capital, equipment and technologies, to utilize their abundant population and natural resources, speed up their industrialization process and fulfill the vision of Agenda 2063. China’s profound friendship with our African brothers and sisters, and its unique advantages, including advanced equipment, mature technologies, cost-effectiveness and sufficient foreign exchange reserves, make China a perfect partner for the mutually beneficial cooperation with Africa.

It is in this context that international industrial capacity cooperation as a policy has been advocated by the Chinese government and it is also in this context, that the China-Africa Industrial Capacity Cooperation Exposition is held. I am glad to learn that the exposition has attracted delegates from 30 African countries and 50 giant Chinese enterprises including China Development Bank, China Communications Construction Company, China Grid and so on. These Chinese enterprises are from various sectors covering financing, building, medical devices, agriculture and agro-processing, and their total market value exceeds 3 trillion USD. The exposition is aimed to provide a platform for both the Chinese enterprises looking for investment opportunities in Africa and the African participants in need of linkages to foreign capital, expertise and technologies. I am fully confident that with opportunities seized and fruitful outcomes achieved in this exposition, China-Africa industrial capacity cooperation will forge ahead to a brighter future.

Ladies and gentlemen,

Kenya is one of the pilot and demonstration countries of China-Africa industrial capacity cooperation, with advantages in geography, industrial foundation and quality of labor force. In recent years, as China-Kenya relations enjoy the best momentum ever, our bilateral cooperation in production capacity has accomplished remarkable results. To name but a few, China Wu Yi's Building Industrialization Base and Supermarket, a 101 million USD investment project, provides about 800 jobs and produces building material for 1,500 sets of buildings annually. The Twyford Ceramics Company, a Chinese-invested ceramic tile factory, whose total productivity is expected to exceed 20 million square meters next month, has localized its raw material supply and hired over 1500 local employees. What’s more, with the successful operation of SGR from Mombasa to Nairobi and the construction of its extension, numbers of industrial parks and special economic zones alongside the railway are taking shape, which of course stands for great tangible results of industrialization cooperation between China and Kenya.

We are fully confident about the huge potentials and bright future of our win-win cooperation on production capacity. As the saying goes, time and tide wait for no man. I encourage our brothers and sisters of Kenya to grasp and take full advantage of the prime opportunities, so that the endeavors of what His Excellency President Uhuru Kenyatta called the Big Four: food security, affordable housing, manufacturing and affordable health care for all, will be empowered with impetus, and that more jobs are created, the economic growth boosted, and the livelihood of our Kenyan brothers and sisters improved.

Ladies and gentlemen,

As President Kenyatta said, this is the Kenya moment. Pledge to work as hard as you can to improve your productivity and to grow your country to the best of your ability. Here please allow me to combine President Kenyatta’s remarks with President Xi Jinping’s words: let’s roll up our sleeves and work harder to improve the productivity capacity and grow Kenya and Africa in large to the best of their potentials. I would like to take this opportunity to call upon our Chinese enterprises to come to Kenya and Africa, to invest in Kenya and Africa, and benefit together with Kenya and Africa.

Finally I wish the exposition a complete success and Kenya and Africa an even brighter future.

Thank you. Asante sana!

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