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Originally posted by xpert11
How exactly would foreign ownership of the public work project benfit the local population ?
February saw a sharp 220,000 b/d increase in imports from Angola to average 582,000 b/d. As a result Angola moved from the main supplier of China with 19% of total crude oil imports followed by Saudi Arabia with 18%, Iran with 11% and Oman and Russia with 9% each. Imports from Iran — the main supplier in January — fell by 90,000 b/d. The strong growth in Chinese imports from Angola corresponds to the need to comply with product specifications as refining capacity for processing sour crude appears to be insufficient. In addition, lower freight rates and improved arbitrage opportunities contributed to the surge in crude imports from West Africa.
Source
China becoming Egypt’s biggest trading partner
By Mure Dickie in Beijing
Published: September 7 2006 01:53 | Last updated: September 7 2006 01:53
China will surpass the US as Egypt’s biggest individual trading partner within eight years, and Beijing is rapidly also becoming a key source of investment and technology, according to Rachid Mohamed Rachid, Egypt’s minister of trade and industry.
China was beginning to replace some US and Europe suppliers not just in consumer products but also capital goods ranging up to turn-key industrial projects, said Mr Rachid.
Financial Times
Originally posted by karby
the only reason whites failed is because they decided to screw over the native population tremendously. if the chinese can avoid the same mistake, i see no reason why they can't be succesful.
Times Online
In Nigeria, a Chinese-language newspaper now serves 50,000 immigrants. At no stage in Britain’s colonisation of Nigeria did the British numbers reach such a figure. As one opposition figure in Zimbabwe observed: “If the British were our masters yesterday, the Chinese have come and taken their place.”
--snip--
The Chinese are generally viewed as loud, uncouth, prone to spitting and openly derogatory towards Africans. Worse, the copper mines they have opened up in Zambia and Zimbabwe are renowned for low wages, ferocious labour discipline and a sky-high accident rate. “That’s how they run things at home, after all — and on top of that, they despise blacks,” said one Zimbabwean engineer. ”
--snip--
“The Chinese are getting away with claiming that they aren’t like the other colonialists, but Africans aren’t fools,” a South African economist commented. “The Chinese are far more ruthless than the Brits ever were.”
Originally posted by karby
. i've been there. they despise them for no reason other than their skin color--like every other race on the face of this earth towards black people.
[edit on 6-10-2006 by karby]
The Chinese are generally viewed as loud, uncouth, prone to spitting and openly derogatory towards Africans.
Originally posted by xihaoli321456
Originally posted by karby
. i've been there. they despise them for no reason other than their skin color--like every other race on the face of this earth towards black people.
[edit on 6-10-2006 by karby]
I smell bull#, care to back that up?
Originally posted by Mdv2
I've also seen black people benefitting of the Chinese, since they create jobs and social services. I'll never forgot an interview with locals in Angola whom hadn't seen their family living in the other side of the country for years, as the only way to get their was by train, but the rail road had been destroyed during the civil war. The Chinese repaired it.
BEIJING, Nov 4 (Reuters) - China will provide $5 billion in loans and credits to Africa over the coming three years and double aid to the backward but resource rich continent by 2009, China's President Hu Jintao said on Saturday.
Hu told delegates from more than 40 African nations who gathered in Beijing that China would provide $3 billion in preferential loans and $2 billion in preferential buyer's credits to Africa.
"Our meeting today will go down in history," Hu told the China-Africa Summit.
China also would double its 2006 assistance to Africa by 2009 in an effort to forge a new type of strategic partnership and strengthen cooperation in more areas and at a higher level, Hu said.
Source
China swaggers into Europe's 'back yard'
PARIS - The new African-Chinese economic and diplomatic partnership, manifested in the pact signed by China and 48 African countries in Beijing this month, is unsettling European leaders and analysts, who continue to see Africa as Europe's back yard.
French analysts and politicians have been calling attention to China's growing presence in Africa for many months. In January, Jean-Pierre Tuquoi, diplomatic correspondent for the French daily newspaper Le Monde, said the Chinese expansion in Africa is