The summit will conclude with the signing of a declaration and an action plan, providing guidelines for China-Africa cooperation for the next three years.
Chinese President Xi Jinping attends the High-level Dialogue between Chinese and African Leaders and Business and Industry Representatives at the sixth China-Africa Entrepreneur Conference at the Beijing National Convention Center in Beijing, China September 3, 2018.
China's commercial presence in Africa has prompted complaints in some countries that the continent gets too little from the relationship.
China is willing to align the Belt and Road Initiative with Angola's economic diversification strategy and continues to provide assistance, without political conditions attached, to major projects suitable for Angola's national development strategy, Xi said.
During his visit to Uganda in July Prime Minister Narendra Modi said India's partnership now includes implementation of 180 Lines of Credit worth about Dollars 11 billion in over 40 African countries.
Asked about concerns over Africa's rising debts to China, the banks said those still are relatively small and most countries can repay them.
While Senators Abdullahi Adamu, George Akume, Godswill Akpabio and Aliyu Wamakko representing Nasarawa, Benue, Akwa Ibom and Sokoto states joined the president on the trip. "Therefore, whether it's going to be $2 billion, whatever figure, we would have benefited", he said.
Djibouti has become heavily dependent on Chinese financing after China opened its first overseas military base in the Horn of Africa country past year, a powerful signal of the continent's strategic importance to Beijing.
Xi "will stress the importance of consultation and taking African countries' needs into account", said Shi Yinhong, a professor of global relations at Renmin University of China.
While in China President Lungu is expected to have a bilateral meeting with Chinese President XiJinping and Chinese prime minister LI Keqiang.
The vision of the China-Africa relations is anchored on a desire for a shared future where all nations can prosper through cooperation and mutually beneficial partnerships.
The People's Republic of China has committed to ushering in a new blueprint to explore opportunities for future mutual development, and to contribute to promoting world peace, stability and the development of Africa and China.
Other delegates who welcomed the President include Zimbabwe's Ambassador to China, Mr Paul Chikawa, Chinese Ambassador to Zimbabwe Mr Huang Ping and staff from the Zimbabwe embassy offices in Beijing.
Agenda four is playing the melody that connects the people of China and Africa as close as a family.
The number of Chinese tourists to Africa is rapidly growing as African countries are trying to attract more visitors from China.
"So far, no African country has complained of falling into debt because of cooperation with China", Foreign Ministry spokeswoman Hua Chunying told reporters on Friday.