Website review: Xinhua - English
laodan discovered this in Business
•1 reviews since Nov 4, 2006
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•news.xinhuanet.com/english/2006-11/04/content...
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laodan discovered 19 months ago- China-Africa trade expected to top 100 bln USD by 2010 in Xinhua Online by Lu Hui Earlier Saturday, at the opening ceremony of the Beijing Summit of Forum on China-Africa Cooperation, President Hu Jintao made fresh pledges to facilitate bilateral trade and cooperation. He said China will double its aid to Africa by 2009, increase from 190 to over 440 the number of tariff-free import items from the least developed African countries having diplomatic ties with China. China will also provide 3 billion U.S. dollars in preferential loans and 2 billion U.S. dollars of export credits over the next three years and establish a special fund of 5 billion U.S. dollars to encourage Chinese investment in Africa. China-Africa trade expected to top 100 bln USD by 2010 Beijing Summit on China-Africa co-op opens China to Surpass World Bank as Top Lender to Africa China's push into Africa: Who really benefits? (AFP via Yahoo) CHINA IN AFRICA, 1 The 'angel in white' CHINA IN AFRICA, 2 Winning friends and influence. Paul Wolfowitz: Beijing Summit is a terrific idea.
No doubt China understands its economic interests... But, one thing is for sure, the attitude of the Chinese toward Africa does not follow the Western traditional model. They are injecting real developmental aid in the form of a build-up of African countries' infrastructures: roads, rail-roads, schools, hospitals,... and they are letting African goods enter China free of duties. That's quite a long way from what Western countries have been doing in Africa for centuries. Now I bet that the West will respond to China's investment not by investing in the development of Africa but by attacking China as becoming a thread to its own interests...
- China-Africa trade expected to top 100 bln USD by 2010 in Xinhua Online by Lu Hui Earlier Saturday, at the opening ceremony of the Beijing Summit of Forum on China-Africa Cooperation, President Hu Jintao made fresh pledges to facilitate bilateral trade and cooperation. He said China will double its aid to Africa by 2009, increase from 190 to over 440 the number of tariff-free import items from the least developed African countries having diplomatic ties with China. China will also provide 3 billion U.S. dollars in preferential loans and 2 billion U.S. dollars of export credits over the next three years and establish a special fund of 5 billion U.S. dollars to encourage Chinese investment in Africa. China-Africa trade expected to top 100 bln USD by 2010 Beijing Summit on China-Africa co-op opens China to Surpass World Bank as Top Lender to Africa China's push into Africa: Who really benefits? (AFP via Yahoo) CHINA IN AFRICA, 1 The 'angel in white' CHINA IN AFRICA, 2 Winning friends and influence. Paul Wolfowitz: Beijing Summit is a terrific idea.
