» 07/19/2012, 00.00
CHINA - AFRICA
Hu Jintao doubles Chinese credit to Africa
Speaking at the Forum on China-Africa Cooperation, the Communist leader pledges US$ 20 billion in credit. Ostensibly, the aid is to build the local infrastructure and train local workers; in fact, it will enhance China's sway over African natural resources.
(AsiaNews/Agencies) - In a push to maintain its privileged place in Africa,
China will double its credit up to US$ 20 billion in Africa, said Chinese
spoke at a summit in Beijing with African leaders like South African President
Jacob Zuma and Benin President Boni Yayi (who chairs the African Union)
as well as United Nations Secretary General Ban Ki-moon.
Forum on China-Africa Cooperation is at its fifth edition. Its gives China an
opportunity to develop closer ties with Africa, a continent rich in resource
but lacking the means to develop them on its own.
Hu said that
the loans would support infrastructure, agriculture and the development of
is double what China pledged in a previous three-year period in 2009, when it became
Africa's largest trading partner.
between the two hit a record high of US$ 166 billion in 2011, up 83 per cent
and Africa's destinies are closely linked, Chinese and African friendship is
deeply rooted in the hearts of the people on both sides," the Chinese
addition, China will implement the 'African Talents Program' to train 30,000 Africans
in various sectors, offer 18,000 government scholarships, and send 1,500
aside, Beijing is well aware that its "yuan diplomacy" is crucial to
obtain African oil and natural gas. Without it, it would not be able to keep
its current growth levels.
06/11/2006 CHInA AFRICA
Pledges and money underpin Sino-African economic and political alliance
New contracts are signed and strategies are laid out as the Chinese giant and the world's poorest continent concluded their summit yesterday in Beijing. In addition to establishing 'neo-colonial' relations, China wants to establish the diplomatic ties with the last five African states that still recognise Taiwan.
08/04/2008 INDIA - AFRICA
The first India-Africa summit has opened
New Delhi wants to increase trade and diplomatic relations with the African continent. It is seeking energy and raw materials in exchange for loans and projects. Experts: to counter the strong Chinese presence, India must propose a different form of collaboration, more respectful of local needs and the rights of the people.
06/11/2009 CHINA – AFRICA
Wen Jiabao in Africa on a trade road map
China’s prime minister, along with the commerce and foreign ministers, are set to open the Forum on China-Africa Co-operation. Chinese direct investments in Africa jumps from US$ 491 in 2003 to US$ 7.8 billion in 2008.
28/04/2006 CHINA AFRICA
China slams Western colonialists but grabs African oil
Beijing comes as Africa's friend, bringing development and peace, but in fact, it seeks raw materials for its own companies.
09/11/2006 SOUTH KOREA AFRICA
From Beijing to Seoul, the long march of Africa's economy
The first Korea-Africa summit opened yesterday bringing together African and South Korean leaders and officials. Seoul announces US$ 100 million in development assistance to African countries. After China, Africa finds a new economic partner.
Pope Francis tells young people that “genuine love” is not a “soap opera”, but Christians’ real identity card
In his homily for the Jubilee of Teens, Pope Francis asked questions and gave answers to the 70,000 present. Stressing the great ideal of love as giving oneself “without being possessive”, he noted that freedom is “being able to choose the good”. He warned young people “who dare not dream,” telling them that “If you do not dream at your age, you are already ready for retirement”. He also received funds raised for the Ukraine, and appealed for the release of bishops and the priests held in Syria.
Odd alliance between the US and Iranian fundamentalists
Washington is still preventing the use of US dollars in transactions with Iranian banks, preventing business with the outside world in spite of the nuclear deal. This way, the US is helping Khamenei and the Revolutionary Guards, who want to torpedo the agreement in order to maintain their hold on power. Meanwhile, most Iranians hold down two or three jobs just to make ends meet. An unstable and bellicose Iran is a boon for arms sales. A report follows.
29/04/2016 NORTH KOREA- USA
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