Since the holding of FOCAC Johannesburg Summit in December, 2015, China and Ethiopia have been working to match up their development strategies to implement the ten cooperation plans proposed by President Xi Jinping for China-China cooperation, which will help Ethiopia onto China's train of development, and the fast train of economic globalization. Coupled with accelerated implementation of industrial parks along the line, it constitutes a path of prosperity and common development for Ethiopia and Djibouti. With the completion of Gibe III hydro station by Chinese companies, the power generation capacity in Ethiopia has been doubled. The economic corridor along the railway line built with concerted efforts of China and Ethiopia has promoted sound interaction between infrastructure construction and industrial development, favoring investment by businesses across the world in Ethiopia. TheHawassaindustrial park built by a Chinese company has set a new model of China-US-Ethiopia trilateral cooperation in building industrial parks.

Source: Ethiopian News February 14, 2017 05:57 UTC