way investment. Both sides will continue to improve investment and cooperation mechanisms, strive to reduce investment barriers, and work together for the conclusion and upgrading of bilateral investment protection treaties, to deliver more favorable investment environment for both sides. 3.4.2 China will encourage its businesses to invest no less than 10 billion US dollars in Africa in the next three years and, in particular, expand investment in areas including manufacturing, agriculture, green economy and digital economy. 3.4.3 The two sides will make good use of China’s initiatives on cooperation with Africa and all relevant tools, fully leverage the role of the Investing in Africa Forum to enhance the sharing of development experience, and step up cooperation in production capacity, trade and investment. The two sides will share information about investment policies and opportunities, laws and regulations, economic development and cooperation areas. The two sides will give further play to the role of the Investing in Africa Think Tank Union in providing intellectual support to improve Africa’s investment environment and attract more investment in sectors of mutual interest. 3.4.4 China will establish a platform for China-Africa private investment promotion, and encourage Chinese businesses to invest in Africa, in the logistics and manufacturing sectors of existing and new free trade zones, industrial parks, and green industrial parks in particular, so as to help increase trade within Africa and Africa’s external trade including exports to the Chinese market, and to create a large number of jobs for African youths, including women. 3.4.5 China and Africa will also encourage the China-Africa Development Fund and the China- Africa Fund for Industrial Cooperation to support Chinese companies to invest in African firms and projects including Public Private Partnerships (PPPs). 3.4.6 Both sides will continue their practical cooperation in taxation. China will support African countries in improving tax collection and administration capacity through technology support and personnel training. Both sides will continue to negotiate, conclude and implement agreements on the avoidance of double taxation and resolve cross-border tax-related disputes, so as to create a favourable taxation environment for China-Africa trade and investment. 3.4.7 China will publish the Report on Chinese Investment in Africa on a regular basis, to release economic and trade data, analyze investment cases, review experience of ChinaAfrica investment cooperation and put forward proposals for future cooperation, as a way to encourage Chinese enterprises to increase investment in Africa and support independent and sustainable development of Africa. 3.5 Trade 3.5.1 China supports African countries in promoting African products at such events as the China International Import Expo and the China Import and Export Fair, and will provide preferential and facilitating measures where necessary. China welcomes African 13/36