“The total trade volume between China and Africa hit a record high of 166.3 billion US dollars in 2011, compared to only 10 billion in 2000. By April this year, China’s total direct investment in Africa reached 15.3 billion US dollars, about 30 times the figure ten years ago. More than 2000 Chinese enterprises have their investments or businesses in 50 African countries. The coordination in international affairs between China and Africa has been much closer, with the aim of upholding the common interests of developing countries and establishing the new international political and economic order.”
http://www.the-star.co.ke/opinions/others/90419-chinas-strategy-in-africa-benefits-both
Related posts:
Fed Williams: QE3 asset purchases may be expanded
Mentally disabled woman calls 911 while being beaten during own arrest
Obama cancels meeting with Russia’s Putin over Snowden asylum
Military air tankers join fight against deadly Arizona wildfire
Ex-Hillsboro cop who shot at police surrendered with wife, daughter at his side
Former Jackson officer found guilty of killing daughter
HSBC dumps small business accounts for multinationals
Massachusetts inspector general finds sloppy drug handling throughout closed state lab
Florida growers leery of cost of FDA's new food safety rules
IRS Still Stealing Cash From Immigrant Business Owners
Cops leave Beach Park home in shambles after drug raid goes awry
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales
Pentagon puts 650,000 workers on unpaid leave due to cuts
Senate passes debt-ceiling increase in blow to tea party
Officials: 80 Percent Of Recent NYC High School Graduates Cannot Read