Ma Xinming, director of the Beijing Aid and Cooperation Office, released the figures at a seminar on the capital's poverty relief work attended by 110 representatives, including officials, scholars and entrepreneurs.
Many African countries enjoy geographical advantages, low labor cost and a good trade environment. They are well-positioned for international industrial cooperation.
Ma, also a member of China's top political advisory body, the National Committee of the Chinese People's Political Consultative Conference, said Beijing's ambitious economic plan for the Guangdong-Hong Kong-Macao Greater Bay Area was less attractive to Hong Kong's younger generation. This is because there are not many well-known Hong Kong companies recruiting Hong Kong people to work in the Bay Area.
Manufacturing improves for 11th consecutive month, driven by stronger output
Maintaining vitality
Ma Chi and Shi Xiaofeng contributed to this story.
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Malpass also highlighted the importance of debt transparency, noting that creditors need to fully assess the debt sustainability of their potential borrowers, citizens need to be able to evaluate their leaders for the debt they take on, and borrowers need to design strategies based on a clear understanding of their debt.
Manufacturers have embarked on far-reaching overhauls and costly investments to prepare for accelerating sales growth of electric cars. Demand is being propelled by tightening regulations in China, where VW, Daimler's Mercedes-Benz brand and BMW AG generate a large chunk of revenue and profits. Getting the timing right for the technology shift is vital as global deliveries of battery-powered vehicles are still relatively small, and combustion-engine cars account for the vast majority of profits.
Maghraby described Egypt's relations with China as "very strong and historical" with their close cultures and political and economic understanding and integration.
Management right and ownership will be encouraged to be taken as mortgage or collateral or as equity so that financing channels for building new type large-scale forest farms can be broadened, according to the NDRC.