The Gabonese government on Monday hosted 150 Chinese entrepreneurs in Shanghai for"Gabonese Economic Day", which aims to promote bilateral economic and trade cooperation.

Visiting Gabonese President El Hadj Omar Bongo Ondimba said Gabon was carrying out a strategy to diversify its industrial structure and modes of cooperation, so Chinese companies would have more opportunities to invest.

Gabon is China's major timber and oil provider in central Africa and two-way trade volume hit 393 million U.S. dollars last year.

Gabonese Minister of Economy, Finance, Budget and Privatization Paul Toungui said Gabon would also establish a sound industrial structure through cooperation with China.

According to China's Commerce Ministry, 19 Chinese enterprises operate in Gabon with investments exceeding 38 million U.S. dollars.

Source: Xinhua