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Setting up the China-Africa Development Fund (CAD Fund), the aim of which is to support Chinese enterprises’ investment in Africa and exploration of the African market, was among the eight measures to advance practical China-Africa cooperation that President Hu Jintao raised in November 2006 at the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).
Setting up the China-Africa Development Fund (CAD Fund), the aim of which is to support Chinese enterprises’ investment in Africa and exploration of the African market, was among the eight measures to advance practical China-Africa cooperation that President Hu Jintao raised in November 2006 at the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).