President Xi Jinping of China has stated that the funds provided by the country are not for “vanity projects” in Africa.
Xi said on Monday that the funds will be used to build infrastructure that can remove development bottlenecks.
He also warned the firms to respect local people and the environment where projects were being executed.
Xi said: “China does not interfere in Africa’s internal affairs and does not impose its own will on Africa.
“What we value is the sharing of development experience and the support we can offer to Africa’s national rejuvenation and prosperity.
“China’s cooperation with Africa is clearly targeted at the major bottlenecks to development. Resources for our cooperation are not to be spent on any vanity projects but in places where they count the most.”
Xi told business leaders Chinese firms in Africa had to be aware of their social responsibilities and make sure their investments served the community and improved their wellbeing.
“I hope that our entrepreneurs will act to fulfil social responsibilities and respect local culture and tradition.
“I also hope you will do more in staff training and bettering lives for the local people and will put more emphasis on the environment and resources,” Xi said.