Focus should be on infrastructure, manufacturing

Chinese future investment in Africa will become more focused on infrastructure and manufacturing to better serve Africa's economic transformation and industrialization demands, according to a top Chinese investor.

"A more industrialized Africa and sustainable African economy mirrors China's long-term interests in Africa," said Wang Yong, deputy chief executive officer and executive vice-president of the China-Africa Development Fund, which was founded under the Forum on China-Africa Cooperation in 2006.

Differing from traditional cash aid, he said CADF's investment in Africa attaches great importance to giving rather than taking.