The 2018 Beijing Summit of the Forum on China-Africa Cooperation has been held with the theme “China and Africa: Toward an Even Stronger Community with Shared Future through Win-Win Cooperation.”
The summit was attended by the Heads of State, Government and Delegations of the People’s Republic of China and 53 African countries, the Chairperson of the African Union Commission, United Nations Secretary-General and the Executive Secretary of the Economic Commission for Africa. The Summit adopted the Beijing Declaration which, among other things, emphasized that the cooperation between China and Africa under the Belt and Road Initiative will generate more resources and means, expand the market and space for African development, and broaden its development prospects.
The declaration also underscores the importance of forming a strong synergy between the Belt and Road Initiative and the 2030 Agenda for Sustainable Development of the United Nations, Agenda 2063 of the African Union as well as the development strategies of African countries.
To implement the outcomes of the Summit and to chart the course of China-Africa friendly and mutual beneficial cooperation, the two sides adopted a three-year Action Plan (2019-2021) that cuts across the following areas; political cooperation, economic cooperation, social development cooperation, cultural and people-to-people exchanges, and peace and security cooperation. China also announced that it would provide US$60 billion – of which US$15 billion will be in the form of grants – to accompany the agreed Beijing Action Plan.