00:00China's committed to expanding its investment in Africa by further promoting corporate cooperation in various fields.
00:07That's according to a Ministry of Commerce official who is briefing the media on Wednesday on the current state of investment.
00:13It's already a major financier of projects in Africa, focusing mainly on the infrastructure, construction and manufacturing sectors.
00:21African countries have seen steady economic development in recent years, with the overall business environment continuing to improve and the willingness of Chinese firms to invest in the continent significantly boosting.
00:35Our data shows that over the past five years, annual direct investments from Chinese companies in Africa have consistently exceeded US$3 billion, with projects spanning a wide range of sectors.
00:47In addition, the entities involved have become increasingly varied.
00:54Sheng added that the ministry will further enhance investments on the continent by fostering cooperation, especially among small and medium-sized enterprises.
01:02It will also support cooperation between young entrepreneurs from both regions.
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