(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.