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37 African countries sign MoUs with China



China has signed Memorandum of Understanding (MoUs ) with 37 African countries and the African Union (AU) on the Belt and Road development.
 
Xia Qing, Deputy Head, the National Development and Reform Commission (NDRC), International Cooperation Department, said this in Beijing.
 
The African countries, who signed the MoUs accounted for 70 per cent of all the 53 African nations that attended the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) that ended on Tuesday.
 
Qing noted that 28 African countries and the AU inked the MoUs during the summit while the other nine countries had signed before the summit.
 
He said China aims to sign cooperation documents on the Belt and Road development with all African countries and will steadily push cooperation to achieve tangible results and benefit African people.
 
So far, China has signed 123 cooperation documents on the Belt and Road development with 105 countries in Asia, Africa, Europe, Latin America, and the South Pacific region, and 26 such documents with 29 international organisations.
 
The Belt and Road Initiative (BRI) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road is a development strategy adopted by the Chinese government.
 
The 'belt' refers to the overland interconnecting infrastructure corridors; the Silk Road Economic Belt (SREB) component.
 
The 'road' refers to the sea route corridors; the 21st Century Maritime Silk Road (MSR) component.
 
The initiative focuses on connectivity and cooperation between Eurasian countries, primarily the People's Republic of China (PRC).
 
Until 2016 the initiative was known in English as the One Belt and One Road Initiative (OBOR) but the Chinese came to consider the emphasis on the word "one" as misleading.