hree main pillars: economic and technological transformation, competitiveness, and regional integration.
乐动英超贵族宝贝女神会所The strategy, which aims to move away from industrialization powered by increased labor and capital investment to that po
wered by efficient resource deployment in production processes, seeks to pro乐动英超贵族宝贝
mote regional integration to maximize member countries’ sectoral and international competitive advantage.
Intraregional trade has remained low, at 22 percent of the SADC’s trade.
Priorities identified by the SADC present an opportunity for mutual cooperation betw乐动英超贵族宝贝女神会所
een the SADC and China, and for partnering with the China-proposed Belt and Road Initiative.
At the Forum on China-Africa Cooperation’s 2018 Summit in Beijing, President Xi Jinping highlighted several major ini
tiatives for China-Africa cooperation: industrial promotion, infrastructure connectivity, trade facil乐动英超贵族宝贝
itation, green development, capacity building, healthcare, people-to-people exchanges, and peace and security. There a
乐动英超贵族宝贝女神会所re a number of shared interests between the BRI and the SADC strategies that fall within these initiatives.
First, the BRI has successfully leveraged trade between neighboring countries and built value chains for product assembly.
China has committed to undertaking 50 projects for green development and ecological and乐动英超贵族宝贝
environmental protection in Africa, and to expanding exchanges and cooperation with Africa on climate c
hange, ocean issues, desertification prevention and control, and wildlife protection.乐动英超贵族宝贝女神会所
Second, the SADC is pursuing industrial transformation thro
ugh harmonization of national and regional strategies, and regulatory fr乐动英超贵族宝贝
ameworks with continental and global initiatives for industrialization such as the BRI.
Third, the SADC is eager to promote foreign direct inv
乐动英超贵族宝贝女神会所estment in its member states in order to boost regional development
and trade. At the 2018 FOCAC Summit, China also committed to encouraging Chinese co
mpanies to make at least $10 billion of investment in Africa over the next three years.