add to African countries’ foreign exchange reserves, facilitate technology transfer, remove supply chain bottlenecks and create more opportunities for diversified economic development of African countries. 3.3.5 The two sides will continue to support expansion of industrial chains in the mining industry, increase investment in smelt, processing and other upstream and downstream sectors of mining industry as well as electricity, transportation and other supporting infrastructure, launch mineral processing projects in African countries, and build resourcedevelopment cooperation zones to promote local industrial development and support translating resource endowments into advantages of economic development. 3.3.6 The two sides appreciate the role of economic cooperation zones in galvanizing and boosting industrial development, and will actively support its construction and development, and provide service and guidance for building and upgrading economic cooperation zones in Africa. China supports upgrading of economic cooperation zones in Africa to China-Africa demonstration areas for industrial and supply chains cooperation, and will continue to encourage Chinese enterprises to actively engage in construction, operation, and investment of economic and trade cooperation zones in Africa. 3.3.7 The two sides support enhancing policy guidance and information services to small and medium-sized enterprises, and encourage them to strengthen complementarity and carry out exchanges in transformation and upgrading of traditional manufacturing, interregional coordination and cooperation, and other areas. China would like to invite enterprises organized by African countries to international exhibitions including the China Small and Medium Enterprises Fair, to jointly promote exchanges and cooperation of enterprises from both sides. 3.3.8 The two sides agree to leverage a bigger role of the Corporate Social Responsibility Alliance of Chinese Companies in Africa to encourage Chinese enterprises to actively fulfill social responsibilities over community development, localized management, environmental protection, energy conservation and emission reduction, and public services. China encourages Chinese enterprises in Africa to level up localization and generate more job opportunities for the local people. 3.3.9 The two sides support more exchanges on the reform and development of stateowned assets and enterprises. The two sides will enhance experience sharing in stateowned assets regulation and management, encourage exploration and adoption of SOE reform path suited to the country’s development strategy and reality, and promote improvement of the management mechanism of state-owned enterprises to raise operational efficiency and better serve the needs of socio-economic development and people’s needs for a better life. 3.4 Investment and Economic Cooperation 3.4.1 The African side appreciates the important role of Chinese investments in boosting Africa’s industrial development and supporting Africa’s deeper integration into global and regional industrial and value chains. China will continue to encourage and support two12/36