China, France to work together on projects in Asia, Africa

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PARIS: China and France plan to work together on projects in Africa, Asia to serve the interests of all.

The deal was signed by Chinese Prime Minister Li Keqiang and French Prime Minister Manuel Valls here on Tuesday. Chinese Prime Minister is in France on three-day official visit.

Under the directives of the agreement the two nations work together on infrastructure and energy projects and introduce “new forms of co-contracting, co-production and co-financing”.

Li said in a speech at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris, “Let us work together to help improve infrastructure, industrialisation, poverty reduction. Doing that will serve the interests of all of us.”

China has become Africa’s largest trading partner in recent years where it has carried out big infrastructure projects and its economic growth has been fuelled by natural resources from the continent.

Li was of view that China also wanted work with other Western nations to create growth in developing countries.