China-OIC (Organization of Islamic Cooperation) Forum 2016 was held in Beijing early this week. Participants from OIC countries and China exchanged views on how to promote bilateral trade and enhance cooperation.
Under the Belt and Road Initiative, there lies huge potential between Chinese enterprises and OIC members along the Belt and Road. How to find investment opportunities in key markets for Chinese enterprises under the Belt and Road Initiative? Shi Jiyang, CEO and president of China-Africa Development Fund (CADFund), said CADFund, as the first fund in China focusing on investment in Africa, encourages and supports Chinese enterprises to invest in Africa to promote the development of Sino-African commercial ties.
The two countries are likely to conduct cooperation in the fields of oil and gas resources, infrastructure, capacity, and agriculture. Fang Qiuchen, chairman of the China International Contractor Association (CHINCA), noted that China's newly-signed overseas contracted projects exceeded 200 billion U.S. dollars in 2015, of which those signed with the countries along the route of Belt and Road Initiative took up a large share.
Statistics from the CHINCA showed that newly-signed overseas contracted projects between China and countries along the Belt and Road route reached 92.64 billion U.S. dollars in 2015, accounting for 44.1 percent of the total.
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