During the opening of the second session of the China-Africa Studies Conference ... $ 600 billion of China's investment under the Belt and Road Initiative

Prof. Dr. Abdel Wahab Ezzat, President of Ain Shams University and Chairman of the Center for Studies and Research of Silk Road opened the second session of the Conference of Chinese-African Studies, which is being held in cooperation between the Center for Silk Road Research at Ain Shams University, the Institute of African Studies at Guangzhou University, China Daily News Newspaper.

During his opening remarks, Dr. Abdel Wahab Ezzat, President of Ain Shams University, stressed the University's keenness to cooperate with the Chinese side in many fields, especially in the presence of the oldest departments of Chinese language at Faculty of Al-Alsun, which was established since 1959, which is the center of Confucius, which has succeeded in attracting the largest number of Darcy and lovers of learning Chinese at the level of the Republic.

He added that Ain Shams University has more than 1400 students who speak and study Chinese fluently, as well as the recent direction of the university to teach the Chinese language specialized in more than one area such as economic, political and commercial, which strongly empowered to host the first center for studies and research of the Silk Road in Egypt Middle East and Africa.

He stressed that hosting the university for the second session of the forum is not strange, especially in light of the selection of the university vice-president of the Federation of Chinese-African Studies last year and Egypt's presidency of the African Union this year.

He hoped that the Conference would succeed in producing recommendations that were applicable and measurable.

Prof. Dr. Hussein Essa, head of the Egyptian parliament's plan and budget committee and permanent member of the board of directors of the Center for Research and Studies of the Silk Road at Ain Shams University and vice president of the China-Africa Studies Association, pointed out that the size of the Chinese investments, amounting to 600 billion dollars, .

He also reviewed the features and prospects of the Egyptian-Chinese-African relations, which should be based on scientific foundations and methods that can be applied and measured in order to achieve the desired objectives, foremost of which is the formation of major economic entities based on cooperation and the principle of mutual benefit without imposing control on each other. What the developing countries have suffered throughout their history as a result of integration into major global economic entities.

He also called for the establishment of workshops to discuss the features of the strategic plan of the Egyptian-Chinese-African cooperation and put its outputs in the hands of the makers and decision makers to provide a different model for the major economic blocs.

Prof. Dr. Esraa Abdel-Sayed, Director of the Center for Studies and Research of Silk Road and director of the Office of International Relations at Ain Shams University, explained that the conference aims to strengthen the Sino-African cooperation in various economic, logistic, medical, engineering, academic and research projects as well as technical, marketing and commercial fields.

Especially in light of Egypt's presidency of the African Union this year and the keenness of the People's Republic of China to extend bridges of cooperation with various African countries and to build a course for the development of future relations with African countries in the framework of coordination between the Belt and Road Initiative, the UN 2030 Sustainable Development Agenda, the African Union Agenda 2063 and development strategies for African countries.

Mr. Khan reviewed the volume of trade cooperation between Egypt and China at $ 138 billion. He praised the successful partnerships in the Gulf of Suez region, which succeeded in attracting 77 Chinese companies that managed to employ 3500 young Egyptians and succeeded in closing the manufacturing gap in many industries. In the forefront of the fiberglass industry, where Egypt ranked fifth in the world.

He also praised the Egyptian government's support through managing investment opportunities, supplying local competencies and cooperation between the Ministry of Foreign Trade and the World Trade Organization to coordinate and facilitate procedures and solve problems. This will push the development of the region forward, improve the standard of living of individuals, and raise the economic and social development level.

Ms. Khua Deng Thaho, vice-president of the Institute of Chinese-African Studies at Guangzhou University of China, spoke about the most important characteristics of the continent, stressing that what is lacking is good planning to invest these good things.

She stressed that the Belt and Road Initiative has succeeded for six years in attracting many countries. The number of member states reached 40 countries, including countries with major economic entities including France, Italy and Spain, which joined in order to obtain new opportunities for future economic partnerships.

Representatives from various EU member states (Egypt, China, Tanzania, Kenya, Mozambique, Ghana, Cameroon, Ethiopia, and Uganda) attended the conference. As well as many heads of major companies operating in the Gulf of Suez and the new administrative capital.

  • Jun 20, 2019