----- Original Message -----
From: Gold Anti-Trust Action Committee
To: [EMAIL PROTECTED]
Sent: Monday, February 05, 2007 11:01 PM
Subject: [GATA] Chinese president's shopping excursion arrives in Namibia
Chinese president's shopping excursion arrives in Namibia
Submitted by cpowell on 09:01PM ET Monday, February 5, 2007. Section: Daily
Dispatches
By Celean Jacobson
Associated Press
Monday, February 5, 2007
http://news.yahoo.com/s/ap/20070205/ap_on_re_as/africa_china;_ylt=AoHVk6...
WINDHOEK, Namibia -- Chinese President Hu Jintao announced new development aid
for Namibia on Monday, promising an interest-free loan and money for schools in
the sparsely populated, mineral-rich desert country.
Hu, on an eight-nation tour of Africa, offered a package of measures as he paid
tribute to the "brotherly friendship" shown by a "young country full of
vitality and talent."
The Namibia-China Mineral Resources Investment and Development Corp. took out a
full-page advertisement in the local newspaper welcoming Hu to the country,
where many hope to benefit from an influx of Chinese investment and tourists.
But the mood of celebration was not universal.
Hu's 24-hour stopover comes amid growing criticism over rising Chinese
domination in Africa, its interest-free loans, and its support of regimes with
poor human rights records, such as Sudan and Zimbabwe.
"Workers bitterly complain about slave-like and exploitative labor practices,
while Namibian consumers have expressed deep concern about the import and
dumping of cheap and unreliable Chinese products in the country," Namibia's
National Society for Human Rights said in a statement.
Namibia, which has a population of 2 million people, is rich in diamonds and
minerals such as uranium, zinc, and cobalt. It has a long-standing friendship
with China since the Asian country backed its struggle for independence from
South Africa, which it achieved in March 1990.
Namibian President Hifikepunye Pohamba, who took office in March 2005, has
actively promoted cooperation with China. Trade between the two nations in the
first 11 months of 2006 amounted to $240 million, an increase of 103 percent
from the previous year.
On Tuesday, Hu heads for South Africa, Beijing's biggest trade partner on the
continent. President Thabo Mbeki warned last year that Africa needed to guard
against allowing ties with China to develop into a "colonial relationship."
South African trade unions have complained that Chinese textile imports are
devastating the country's industry, forcing the two governments to sign a
memorandum of understanding last year aimed at restricting imports.
Hu, who will hold talks with Mbeki on Tuesday, is expected to sign a number of
agreements, ranging from the export of South African fruit to China to the
energy and mining sectors.
China is involved in a number of operations mining platinum, nickel, and chrome
ore in South Africa, the continent's economic powerhouse and a major gold
producing country.
Hu's tour is expected to counter some of the criticism by boosting already
growing trade ties and ensuring that aid pledges made by China last year, such
as reducing debt and cutting import tariffs, are carried out.
Hu arrived from Zambia, where he inaugurated an economic cooperation zone
designed to draw $800 million in mining investment and create 60,000 jobs in
the Copperbelt province.
* * *
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