Chinese investment to focus on more sectors

Services-related investments in areas such as tourism, education and healthcare will receive top priority and help cement business relations between China and Africa in the long run, said officials and business leaders.

Their comments came ahead of the 2018 Beijing Summit of the Forum on China-Africa Cooperation, as both sides are keen to develop more areas of cooperation for robust growth.

"China's outbound direct investment will no longer just focus on Africa's infrastructure, energy, manufacturing and agricultural fields. Chinese companies have already begun to deploy more resources and manpower in Africa's services sectors as its economy has already diversified," said Yu Jianlong, secretary-general of the China Chamber of International Commerce.