China Looking to Expand Economy with Africa's Resources
released on 06/16/06 at 08:42:47Johannesburg - China would begin round three of an intense diplomatic campaign in Africa on Saturday when Premier Wen Jiabao embarks on a seven-nation tour of the continent.
Wen would spend one week travelling through Egypt, Ghana, the Republic of Congo, Angola, South Africa, Tanzania and Uganda, pushing ever harder his nation's economic interests that would inevitably focus on oil.
"Agreements on economics and trade (to be signed in Africa) will of course also deal with co-operation on energy and resources," said assistant foreign minister He Yafei.
"It's true that energy is an important part of China's co-operation with Africa." But while China's insatiable demand for energy would attract much interest, the government and Chinese researchers say Wen would be looking to consolidate and expand on a far wider range of economic issues.
From copper in Congo to timber in Liberia, China has been looking to Africa more keenly in recent years for a wide range of natural resources. Meanwhile, the continent has become increasingly crowded with Chinese construction workers building highways, railways, ports, dams and hotels, while products bearing the "Made in China" label were becoming ubiquitous. Trade volume between China and Africa reached around $40bn in 2005, a rise of 35 percent from a year earlier and almost four times higher than in 2001. Full article
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