STORY: China-Tanzania investment forum highlights growing economic partnership
SHOOTING TIME: March 27, 2024
DATELINE: March 29, 2024
LENGTH: 00:01:49
LOCATION: DAR ES SALAAM, Tanzania
CATEGORY: ECONOMY

SHOTLIST:
1. various of the event
2. SOUNDBITE 1 (English): PHILIP MPANGO, Tanzanian Vice President
3. SOUNDBITE 2 (English): CHEN MINGJIAN, Chinese Ambassador to Tanzania
4. various of the event

STORYLINE:

The China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference was held on Wednesday in Tanzania's port city of Dar es Salaam.

In closing the one-day forum, Tanzanian Vice President Philip Mpango highlighted China's long-standing role as a leading strategic investor and major trading partner of Tanzania.

SOUNDBITE 1 (English): PHILIP MPANGO, Tanzanian Vice President
"The People's Republic of China has for a long time been a leading strategic investor and major trading partner of Tanzania. The annual foreign direct investment that flows from China increased from 92 million (U.S.) dollars in 2019 to 221 million U.S. dollars in 2021."

Chinese Ambassador to Tanzania Chen Mingjian commended the Tanzanian government's determination and proactive measures in attracting investment and promoting economic development.

SOUNDBITE 2 (English): CHEN MINGJIAN, Chinese Ambassador to Tanzania
"We are pleased to see that Chinese investment is deeply integrated with the Tanzanian economy and society."

Official data showed that from January 2021 to December 2023, the Tanzania Investment Center registered 256 Chinese projects worth about 2.5 billion U.S. dollars.

The top five sectors for these projects were manufacturing, commercial building, agriculture, transportation and services.

During the forum, four memoranda of understanding were signed between Chinese and Tanzanian enterprises, as well as between Chinese and Tanzanian public institutions.

Xinhua News Agency correspondents reporting from Dar es Salaam, Tanzania.
(XHTV)