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Africa

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China Daily | Updated: 2013-04-12 10:09
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"Now is the best time for Asia, especially China, to cooperate with Africa. There will be a quantitative and qualitative surge in cooperation."

Wei Jianguo, secretary-general of the China Center for International Economic Exchange Center, saying during a panel discussion on the rise of Africa at the Boao Forum. Wei quoted President Xi Jinping's remark that in the next five years China would invest $500 billion and import about $10 trillion in goods.

"Hong Kong's purchase limits on milk powder mean an opportunity for Chinese enterprises and also reminds us of our responsibility to regain customer confidence. There's a time difference between Chinese companies and European companies, because three decades ago, they also faced similar problems."

Sun Yiping, chief executive officer of Chinese dairy company Mengniu, saying that Hong Kong's purchase limits, which allows a person leaving the city to carry a maximum of two cans, or 1.8 kilograms of infant formula, allows companies in the Chinese mainland an opportunity to rebuild their reputation.

"It is positive that countries such as Australia and China, which have rich shale gas resources, can copy shale gas development in North America."

Robert Hormats, undersecretary of economic growth, energy, and the environment at the US State Department, saying at the Boao Forum that the success of the shale gas revolution in the US can be emulated by other countries, including China, and the problem lies with how soon it can be achieved.

(China Daily 04/12/2013 page2)

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