AfDB meeting opens on Wednesday morning in Shanghai

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Source: CCTV.com | 05-16-2007 08:26

The annual board meeting of the African Development Bank Group, or the AFDB, will open in Shanghai on Wednesday morning.

The parcipants are hoping to use the two-day meeting to discuss possibilities for strengthening cooperation with Asian countries including China. A series of sideline business seminars and forums have already revealed the latest business information for investors.

Investors have been happy to learn that China's central government has approved a five billion US dollar fund to help Chinese companies invest in Africa.

Agricultural development, manufacturing, telecommunications and infrastructure are the key areas of investment.