After the 18th CPC National Congress, the reporter interviewed people from South Africa's financial and industry and commerce sectors. Luo Zhuoyu, managing director and general manager of Standard Chartered China-Africa, told the reporter that the 18th CPC National Congress was of great historic significance to maintain China's prosperity and development and would have profound and lasting influence on the world economy. The financial sector of South Africa generally holds optimistic view about the prospects of the cooperation between China and Africa after the 18th CPC National Congress. 

 

The financial sector of South Africa focuses on four aspects of the Report delivered by General Secretary Hu Jintao. First, the report proposes to deepen reform of the financial system, improve financial supervision and oversight, promote financial innovations, and ensure financial stability. Africa's rather backward financial industry is a bottleneck to expanding China-Africa cooperation on economy, trade and investment. China's initiative in advancing financial system reform and innovation will serve as a demonstration and a boost for Africa's financial industry. This indicates that human resources exchange and business cooperation in the financial sector between China and Africa will enter a new phase in the future. 

 

Second, the Report attaches the upmost importance to the development of agriculture, proposing that coordination between urbanization and agricultural modernization and the integration of urban and rural development are fundamental solutions to the issues of agriculture, rural areas and farmers. This provides new opportunities for the development of agriculture in Africa. In the process of the integrated development of China's rural areas and the urban areas, a large number of agricultural personnel will change careers. There are vast land resources and abundant labour resources in Africa, but technology, capital, and talent are lacking, whereas China's agricultural industry possesses mature experience, human resources, and technology. China's agricultural enterprises can go to make investment in Africa, and the development prospects of the agricultural cooperation between China and Africa are vast. 

 

Third, the Report stresses that China will follow the path of peaceful development, mutual prosperity, and mutual benefits. Western countries generally have strings attached when they are cooperating with Africa. China, however, will stick to mutual benefit and win-win strategy and will not interfere with Africa's internal affairs, which accords with the will of the people and provides a solid foundation for the development and prosperity of the cooperation between China and Africa.  

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