President Xi Jinping said at the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation that in the next three years, China is ready to work with Africa to promote ten major partner actions for modernization, deepen cooperation, and lead the modernization of the “Global South”. China is willing to take the initiative to expand market opening-up and grant zero-tariff treatment to 100% of tariff items to all least developed countries that have established diplomatic relations with China, including 33 African countries. This move has made China the first major developing country and the world’s major economy to promote China’s large market into a major opportunity for Africa. In addition, China will also expand access for African agricultural products, deepen cooperation in areas such as e-commerce, and promote the implementation of the “China-Africa Quality Improvement Plan”. China is willing to negotiate and sign a framework agreement on economic partnership for common development with Africa, providing long-term, stable, and predictable institutional guarantees for China-Africa trade and investment.
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