CHINESE ACADEMY OF INTERNATIONAL TRADE
AND ECONOMIC COOPERATION
MINISTRY OF COMMERCE, P. R. CHINA

Wed.29/10/2014

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Song Wei

Sino-African Cooperation on Production Capacity fully reflecting the current development needs of each side, has a solid foundation. However, due to the low level of overall development of Africa, it requires a huge financial support to start,so it is quiet urgent to solve the financing bottleneck. To make the innovation of financing and expand financing channels, this paper makes the recommendationas follows: Establish the offshore RMB center in South Africa as soon as possible; Speed up the process of opening up the financial sector of China; Leverage the African sovereign wealth fund; Expend the Chinese commercial bank branch and enrich the financial tools in Africa. So that the guiding role of financial institutions could be fully played and the supply & demand of the two sidescould be accurately docked.

The Author is the associate research fellow, affiliated with the institute ofInternational Development Cooperation.

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