"China's cooperation with Africa is clearly targeted at the major bottlenecks to development", he told business leaders ahead of the opening of the two-day summit.
China will carry out 50 projects on green development and environmental protection in Africa, focusing on fighting climate change, desertification and wildlife protection, Xi said. China will carry out 50 agricultural assistance programs, provide emergency humanitarian food aid amounting to 1 billion yuan (147 million US dollars) to African countries affected by natural disasters, and send 500 senior agricultural experts to Africa.
He added: "President Buhari and his Chinese host will also witness the signing of the MOU on One Belt One Road Initiative (OBOR)".
President Mnangagwa and his wife were seen off at the Robert Gabriel Mugabe International Airport by Vice President Retired General Dr Constantino Chiwenga, Environment, Water and Climate Minister Cde Oppah Muchinguri-Kashiri, Harare Metropolitan Province Minister of State Miriam Chikukwa, government ministers, senior government officials and service chiefs among others.
Focac will bring together 52 African countries, the African Union (AU) Commission and the People's Republic of China, as equal partners in fostering greater unity and cooperation.
China will also expand its imports from Africa, especially for non-resources products, and will facilitate African financial institutions' bond issuances in China, Xi added.
Chinese state-owned companies have aggressively pursued large investments across African continent, whose vast resources have helped fuel China's transformation into an economic powerhouse.
So far, almost 10 African countries have signed Belt and Road cooperation agreements with China, and a few more are in negotiations.
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Over the past 18 years, FOCAC has become a significant platform for collective dialogue between China and African countries and a leading mechanism for global ties with Africa and also South-South cooperation.
"China and Africa: Toward an Even Stronger Community with a Shared Future through Win-Win Cooperation", read the theme of the summit which has resulted in the signing of dozens of agreements by African leaders with China.
The money would be focused on infrastructure to help speed African countries' development, not on "vanity projects", Xi said.
African Union Commissioner for Trade and Industry Albert Muchanga will take stock of the infrastructure development, industrialisation and peace and development programmes, and agree on the priorities for the coming years.
Analysts said China's pledges highlighted Africa's growing importance to Beijing as its trade war with Washington escalated.
In recent years, China-Africa people-to-people exchanges have grown, but still lag behind economic and trade cooperation, said Liu Hongwu, director of the Institute of African Studies at China's Zhejiang Normal University.
Locals in other countries have complained about the practice of using Chinese labor for building projects and what are perceived as sweetheart deals for Chinese companies.