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Xiao Yaqing attends Zambia-China Business Forum and meets with Zambian President

Updated: 2018-09-03

Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), attended and spoke at the Zambia-China Business Forum held at China Nonferrous Metal Mining (Group) Co Ltd (CNMC) in Beijing, Sept 2.

C:UsersyangxiDesktopSASAC Chairman Xiao Yaqing (1st L) addresses the Zambia-China Business Forum in Beijing, Sept 2.jpg

SASAC Chairman Xiao Yaqing (1st L) addresses the Zambia-China Business Forum in Beijing, Sept 2. [Photo/sasac.gov.cn]

Xiao said that SASAC and Chinese central SOEs have been thoroughly implementing the important consensus reached by President Xi Jinping and Zambian President Edgar Lungu and the spirit of the Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC).

Chinese central SOEs are devoted to realizing win-win and multi-win results and have carried out cooperation with Zambian enterprises in various fields in accordance with market-oriented principles, Xiao noted.

They set up business incubators like the Zambia-China Economic and Trade Cooperation Zone, which increased tax revenue and job opportunities, boosted local economies and carried out their social responsibility, Xiao added.

He went on to say that in the next step SASAC and Chinese central SOEs will earnestly implement the spirit of the upcoming FOCAC Beijing Summit, in particular the keynote speech to be made by President Xi Jinping, seize the new opportunities brought by complementarity between the Belt and Road Initiative and development of Africa and bring the pragmatic cooperation between enterprises of the two countries and of China and Africa to a higher level. 

Zambian President Edgar Lungu made a keynote speech at the business forum.

He said Zambia-China friendship was established and nurtured by the leaders of elder generations and that he had had several meetings with President Xi Jinping and reached extensive agreements, adding that Zambia cherishes the friendship established on the basis of sincerity and equality. He expressed his gratitude to China for helping Zambia over many years.

C:UsersyangxiDesktopEdgar Lungu (L) and Xiao Yaqing meet before attending the Zambia-China Business Forum..jpg 

Edgar Lungu (L) and Xiao Yaqing meet before attending the Zambia-China Business Forum. [Photo/sasac.gov.cn]

Before the forum, Xiao met with Lungu, who spoke highly of the contribution made by Chinese enterprises, and especially central SOEs, to Zambia’s economic and social development.

Lungu also looked forward to frequent exchanges, close cooperation and development with mutual benefits and win-win results for the two countries.

Xiao thanked Lungu and the Zambian government and enterprises' support and help given to the Chinese central SOEs' investment and operation in Zambia and introduced basic information about  SASAC and Chinese central SOEs. 

The Zambia-China Business Forum was sponsored by Zambia's embassy in China and CNMC. Representatives of several Chinese ministries and central SOEs attended the event.



(Executive editor: Hao Wen)

 

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