Saturday, February 14, 2009

china africa

Chinese President Hu Jintao said he wanted to deepen Beijing's trade and investment links in Africa despite the global economic slowdown.

China's trade with Africa has shot up 10-fold since 2000, soaring 45 percent to nearly $107 billion last year alone. China's investments in and imports from Africa are dominated by minerals and oil -- Angola is China's single biggest crude supplier. Chinese companies are expanding sectors such as mobile telephones as well as food and agricultural businesses, such as fisheries and sesame production in Senegal. Tanzania and Mali are also Africa's third and fourth biggest gold miners and Senegal has a burgeoning gold and iron ore sector. China's Sinopec is looking for oil in northern Mali, while the state-owned China National Petroleum Company signed a $5 billion deal to produce oil in neighbouring Niger. China has invested heavily in Africa, building parliaments, stadiums, bridges and roads in numerous countries. But critics say the hastily built infrastructure is nothing more than a bribe for access to Africa's vast mineral wealth, natural resources and bountiful coastline.
Fishermen in neighboring Guinea-Bissau say after their government accepted China's gift of a new parliament, their coastline was invaded by Chinese trawlers who have fished their waters dry.

Sudan claims China is working with it to head off a possible International Criminal Court arrest warrant for President Omar Hassan al-Bashir for alleged war crimes in Darfur. China, whose firms pump Sudan's oil, says a warrant would worsen instability. This trip , according to some observers , is also to counter the accusations that they only do business with resource-rich autocracies

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