InfoAnda - Chinese premier pledges funds, aid to Africa

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

Mountain West, Conference USA combine for 22-team football league | 16 October 2011
China, Indonesia dominate world championships | 10 May 2010
Choreographer Merce Cunningham dies at 90 | Entertainment | | 28 July 2009

WikiLeaks safeguards data as US pressure builds | 6 December 2010

Forum Views () Forum Replies ()

Read more with google mobile : Chinese premier pledges funds, aid to Africa

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 Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Chinese premier pledges funds, aid to Africa By TAREK ELTABLAWY,AP Business Writer - 1 hour 20 minutes ago Send IM Story Print SHARM EL-SHEIK, Egypt – China's premier on Sunday pledged $10 billion in low interest loans to African nations over the next three years and said Beijing would cancel the government debts of some of the poorest of those countries. The announcement by Wen Jiabao looked to deflect criticism that China's investments in the continent were motivated purely by greed. China is one of the largest investors in Africa, along with the United States and Europe. At a two-day China-Africa summit, Wen Jiabao also said China would build 100 new clean energy projects for Africa over the same period as part of an effort to help the continent deal with climate change issues. "We will help Africa build up financing capacity," Wen said at the start of the two-day Forum on China-Africa Cooperation summit. "We will provide $10 billion in concessional loans to African countries." Concessional loans are ones that offer generous terms _ better than market rates _ to poorer countries. China's inroads into Africa have come at a price for Beijing. The country has been accused by some in the West of ignoring Africa's needs and the dismal rights records of some of its countries while looking only to sate its hunger for the fuel it needs to drive its bustling economy. China has, for example, been a key force in developing Sudan's vital oil sector even as the Arab-dominated government in Khartoum is accused of atrocities in the Darfur region. More recently, a $7 billion mining deal was signed between a little known Chinese company and Guinea's government _ an agreement that came weeks after soldiers there opened fire on demonstrators and raped women in the streets. But Wen said while many in the world have only now begun to take note of China's role in Africa, it was a relationship that dates back five decades and included helping the countries throw off the yoke of colonialism. "The Chinese people cherish sincere friendship toward the African people, and China's support to Africa's development is concrete and real," Wen said at a forum that attracted leaders such as Sudan's Omar el-Bashir and Zimbabwe's Robert Mugabe _ heads of state out-of-favor with the West. "Whatever change that may take place in the world, our friendship with African people will not change," Wen said. "Our commitment to deepening mutually beneficial cooperation ... will not change, and our policy of supporting Africa's economic and social development will not change." Wen said that as part of its support for Africa and growing trade ties with China, Beijing would take eight new measures over the next three years, including helping Africa build up its financing capacity. Along with the loans _ double the amount pledged two years earlier at a similar summit in Beijing _ Wen also said that for the most heavily indebted and least developed African nations, China would cancel their debts associated with interest free government loans set to mature at the end of this year. The caveat was that the debt forgiveness was restricted to those nations that have diplomatic relations with China _ a condition likely to rankle critics who argue that China has made its support conditional on countries backing it fully, including by renouncing ties with Taiwan. The overwhelming majority of African nations have diplomatic ties with China. Wen said that China would also build energy projects that cover solar power, biogas and small hydro plants. Other initiatives under the plan include boosting training of African professional, new schools, and phasing in zero tariff treatment for 95 percent of the products from the least developed countries that have relations with Beijing. The steps are the latest in a growing trade relationship between China and Africa _ a push that has seen trade grow tenfold in the past eight years to reach almost $107 billion by the end of 2008. The latest pledge for loans builds on $5 billion that China had pledged to the continent during the 2006 Sina-African summit. That gathering in Beijing was widely seen as a catalyst fueling growth in Africa, a continent ravaged by some of the world's highest poverty rates, a battle against the AIDS epidemic and chronic internal conflicts. Recommend Send IM Story Print Related Articles Chinese premier pledges funds, aid to Africa AP - 1 hour 20 minutes ago Cambodian PM says ousted Thai leader will visit AP - 2 hours 44 minutes ago Anti-Taliban mayor among 12 killed in Pakistan AFP - Monday, November 9 Afghan president: No corrupt officials in new govt AP - Monday, November 9 Pakistan suicide bombing kills anti-Taliban mayor AP - Monday, November 9 News Search Top Stories Japan eyes solar station in space 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 More Top Stories » 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 Obesity causes 100,000 US cancers every year: study Opel chief quits after GM decides to keep European unit 10 percent jobless rate adds to pressure on Obama More Most Viewed » Somali centenarian weds 17-year-old Mobile phone giant Nokia sues Apple over patents Fibre may keep asthma, diabetes at bay, study finds 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		BlogMeter 1.01