InfoAnda - Chinese premier: Africa trade push is 'selfless'

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Judge orders Ancestry.com to disclose more details on Permira deal | | 18 December 2012
Pacquiao 'goes the distance' to beat Margarito | 14 November 2010
Yemeni rebels report border clash with Saudi forces | 24 October 2009

Pakistan's forex reserves rise to $14.96 bln | 8 April 2010

Forum Views () Forum Replies ()

Read more with google mobile : Chinese premier: Africa trade push is 'selfless'

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Chinese premier: Africa trade push is 'selfless' By TAREK ELTABLAWY,AP Business Writer - Sunday, November 8 Send IM Story Print SHARM EL-SHEIK, Egypt – China's premier stressed Saturday that his country's push to boost already burgeoning trade ties with Africa was "sincere and selfless," as the Asian powerhouse battled criticism its quest for natural resources was at the expense of the poverty-ravaged continent. In a speech punctuated with terms like "equality" and "mutual benefit," Wen Jiabao appeared to be setting the stage for a China-Africa summit starting Sunday that would allow Beijing to both continue its investment inroads into Africa and mute critics who argue that its need to fuel its growing economy has allowed it to ignore the dismal human rights records of many of the continent's nations. The Chinese premier, who met earlier in the day with Egyptian President Hosni Mubarak in Cairo, outlined a strategy for economic growth that includes traditional mainstays like increasing trade and gradually eliminating tariffs on exports from some of Africa's neediest countries. But the sharpest language was in comments about developing human resources, technology transfer agricultural ventures and developing the continent's poor infrastructure. China's efforts in Africa are "sincere and selfless, without political strings attached," Wen told hundreds of Chinese and African businessmen gathered at the Egyptian Red Sea resort of Sharm el-Sheik a day before the main policy forum. That gathering is expected to attract leaders from across the continent. In explaining the focus on training local talent, he said China's training of 15,000 African professionals has provided the continent with "a human resource more valuable than gold." China would work to boost cooperation on the basis of equality and mutual benefit, Wen said, noting also that China is now Africa's second-largest trade partner, with the average yearly growth rate of that trade at over 33 percent. Cooperation "is based on equality and good friends sharing wins and woes," he said, pledging that despite the global economic meltdown's impact on his nation, China would gradually increase assistance to Africa as possible with a focus on development issues and beefing up infrastructure. He provided no specific dollar figure. The meeting Sunday is a continuation of a push that received a boost in 2006 as the energy hungry Asian giant delved headfirst into resource-rich Africa to fuel its mushrooming economy. The Sino-African summit that year included $5 billion in loans and a slew of projects, including building hospitals, anti-malaria centers, schools and roads, which Chinese officials say have largely been met. China has invested billions in Africa. Direct investment hit $7.8 billion in 2008, and total China-Africa trade grew to roughly $107 billion by that year _ a tenfold increase from the start of the decade. The inflow of cash, however, has come at a price. Critics in the West contend that China has funneled money to government and military regimes with few strings attached and little concern for their human rights record. China, itself widely criticized in the West for its own human rights record, appears to be taking the criticism to heart. Ahead of Wen's trip, officials have stressed the same theme of mutual development and equality. It's a theme that African businessmen working in China say they have heard echoed increasingly over the past couple of years by Chinese companies. "The reality is that China's come of age," Craig Bond, chief executive of the South Africa-based Standard Bank, the continent's largest, told The Associated Press on the sidelines of the conference. "They've actually begun to realize that if they want to be global citizens, they're gong to have to start doing things in a sustainable way," said Bond, who is currently based in Beijing. "They're going to have to start worrying about all the issues that the West has been worrying about." China's Africa investments have been its most controversial, serving as a catalyst for criticism. For years, Beijing has played a leading role in developing Sudan's oil sector, even as the Khartoum government is accused of atrocities in the conflict-ravaged Darfur region. More recently, a little-known Chinese company signed a $7 billion mining deal with Guinea's repressive military regime. The agreement was announced last month, just weeks after Guinean soldiers opened fire on demonstrators in September, killing over 150 people. Beijing said has said it was not involved in that deal. Some Africa watchers argue that while some criticism is warranted, African nations must also shoulder a good share of the responsibility. "Africans need to up the ante to see how they can best leverage their potential and ensure that Chinese investments are channeled into those areas where they generate the most value," said Edward K. Brown, director for policy services at the Africa Center for Economic Transformation, a research and policy advisory organization based in Ghana. Recommend Send IM Story Print Related Articles Hindustan Con sees order book of $4.3 bln by March'10 Reuters - 56 minutes ago Australia stimulus needed for recovery: Treasurer AFP - 1 hour 42 minutes ago Global car sales have bottomed-Nissan/Renault's Ghosn Reuters - 2 hours 6 minutes ago Nobel laureate says global crisis a chance to change AFP - 2 hours 40 minutes ago China's new Nasdaq-style board sees wild start AFP - Sunday, November 8 News Search Top Stories Advertisers face resistance to on-line tracking IMF says stimulus needed to aid 'nascent' recovery Obama to push lawmakers on health care vote Opel chief quits after GM decides to keep European unit Obesity causes 100,000 US cancers every year: study More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Gold price hits record after 'Sri Lanka purchase' US grieves after Muslim doctor kills 13 on army base 10 percent jobless rate adds to pressure on Obama Obesity causes 100,000 US cancers every year: study Newborns cry, coo in their own language: study More Most Viewed » Somali centenarian weds 17-year-old Mobile phone giant Nokia sues Apple over patents More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 8 November 2009
Two Britons Win $149 Million Lottery Jackpot
Escaped Circus Elephant Sideswipes Car
The Sky Is Falling: Mysterious Ice Chunks Hit Chicago Home
Japanese Gangster Opens Fire On Three Debt Collectors, Then Commits Suicide
New Mom Sarah Jessica Parker Relishes The Smell Of Dirty Diapers
Dartmouth Scientist Uses Modern Technology To Authenticate Iconic Oswald Photo
Atlanta Man Rescues One Dog, Ends Up With Ten
Iran to reject UN-brokered nuclear plan: leading MP
G20 wants 'ambitious' Copenhagen talks
G20 'agrees timetable' for monitoring economic policy
Obama to push lawmakers on health care vote
Lebanon's Hariri set to form government with Hezbollah
Honduran rivals signal new bid to solve crisis | International |
Study shows high cost of German reunification: report | International |
Iran releases 3 journalists jailed during rallies
British man provides photo for his own wanted poster | International |
Shortage of military therapists creates strain
China PM reaches out to Muslims in Cairo speech
Fort victims had different reasons for enlisting
To defang Taliban, some look to private schools
Pelosi: Obama visit inspired Democrats
Thousands throng Indian town for Dalai Lama visit
George W. Bush visits Fort Hood, wounded soldiers
Lawyer: Fla. office shooting suspect mentally ill
Afghan ministry: NATO strike kills Afghan soldiers
France asks Sri Lanka to end emergency laws
Another attack leaves US Muslims fearing backlash
Japan urges Myanmar to release Suu Kyi before poll
Ministry: NATO airstrike kills Afghan soldiers
Colo. man who threatened Obama makes weapons plea
Japan to increase aid to Myanmar: PM
Navy ship built with WTC steel goes into service
Prized mushroom collection returns to China
Muslim leader had troubling talks with suspect
Pohang beat Al Ittihad to win AFC Champions League
Obama to push lawmakers on health care vote
Police: LA celebrity burglaries led by 19-year-old
A Prophet nominated for six European film awards | Entertainment |
Sri Lanka buying gold 'to diversify reserves'
Police: LA celebrity burglaries led by 19-year-old
Advertisers face resistance to on-line tracking
In eastern Europe, people pine for socialism | International |
Advertisers face resistance to on-line tracking
IMF says stimulus needed to aid 'nascent' recovery
"Modern Warfare 2" strikes on Tuesday
Iran releases 3 journalists jailed during rallies
Award-winning Cuban blogger says she was beaten, detained
Dalai Lama begins visit to disputed India state | International |
Brazil blackouts result of cyber hacking: report
Families hold Rio memorial for doomed Air France flight
Market attack in NW Pakistan kills at least 8 | International |
Yushchenko to blame for Russia-Ukraine spat: Medvedev
Saudi Arabia says regains area seized by Yemen rebels | International |
Haiti's new prime minister wins confirmation | International |
China's Wen seeks to boost blossoming Africa ties | International |
House Roll Call: How they voted on abortion issue
Dalai Lama visits town near Tibet, angering China
Market attack in NW Pakistan kills at least 8
Clinton leaves for Europe, Asia
Japanese FM says no base deal during Obama visit
House passes health care bill on close vote
Funeral services held for slain New Mexico nun
Police: Suicide bomb in northwest Pakistan kills 8
Report: NKorea's Kim Jong Il fires top TV official
US ship built from twin tower steel commissioned
Weather forecast for the Asia-Pacific region
US is helping Guyana track terror suspect: US official
Malaysia to charge Japanese woman over drug haul
House passes resolution honoring Fort Hood victims
Deans's joy as rugby slam bid starts with England win
Japanese protest over US base before Obama visit
U.S. House approves sweeping healthcare overhaul
Obama wraps up Afghan review, eyes final options
China's new Nasdaq-style board sees wild start
India's fast-growing telecom sector hits trouble
iPhone disappoints in China launch: analysts
SKorean workers march against labour law plan
Chinese premier: Africa trade push is 'selfless'
An east German stockbroker wrestles with his fate
Taiwan breeders see big profits in rare shrimps
Nepal emerges as 'poacher's paradise'
Hopper: All's 'good right now' despite cancer
Guests for the Sunday TV news shows
Japanese cellist wins world's top competition
Swiss less wary of foreigners than a decade ago: survey
Pope a fan of sports -- but not doping athletes
"A Prophet" nominated for six European film awards
Nabokov's unfinished -- and unburned -- novel reappears
Taiwan court to scrap 'unfair' law on prostitutes
European Court Ruling Against Classroom Crucifix Stirs Italy, Prompts Appeal
Netanyahu's Washington trip clouded by Abbas threat
Japan eyes solar station in space
Saudis claim gains from Yemen rebels
NATO, Afghanistan probe deadly 'friendly' strike
Thousands in West Bank urge Abbas not to quit | International |
Russia must keep promise to supply missiles: Iran | International |
17 rebels killed in Afghan battle: ministry
China to boost aid to Africa as ties blossom | International |
War support flagging as Britain remembers fallen
Hurricane Ida strengthens, 42 dead in Salvador | International |
Women fight new battle in Iraq's insurgent corner | International |
Congolese forces arrest 100 over police deaths | International |
AP NewsAlert
Police: 1 killed, 3 injured in shooting near Vail
Dalai Lama visits Indian state disputed by China
China to boost aid to Africa as ties blossom
Chinese premier pledges funds, aid to Africa
Murder case a glimpse into stresses of caretaking
Thaksin to visit Cambodia this week: PM
Malaysian lawmakers put marriages on line in oath
Fuel convoy hit in eastern Afghanistan
British soldier killed in southern Afghanistan
Jimmy Cobb still 'Kind of Blue' after 50 years
Communist consumer goods make comeback
US Bordeaux prices at risk of 'bloodbath', experts say
Kosher comics prove hit with Israel's Haredi Jews
India PM invites world to invest in economy
Football fever transforms 'Carmen' in SAfrica
Shakespeare's MacBeth meets Africa in Botswana's opera
Indian PM hopes for 7 percent growth next year
Taiwan, China to sign financial agreement: report
Nobel laureate says global crisis a chance to change
Hundreds join anti-corruption rally in Indonesia
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01