“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:
Texas lawmaker wants to make federal weapons ban illegal in Texas
Tech Companies Concede to NSA Surveillance Program
MIT Bitcoin hackers slapped with New Jersey subpoena fight back
‘Cannibal cop’ says torturing and eating women nothing more than his fantasy
Japan Firm Told Workers To Lie About Radiation Dose
Stashes In Switzerland
Tax increases scare wealthy French into abandoning Paris, lowering prices
Man dead after police called for help taser, choke & drag him down a staircase
260,000 Austrians sign EU exit petition, forcing referendum debate
Fargo man charged with coin theft from UPS hub
Bank of America freezing accounts based on mailed citizenship questionnaires
Toilet paper shortage because ‘Venezuelans are eating more’: govt
Two Numbers: The Housing Market Breathes Under Water
Why Milk Prices Could More Than Double After January 1
Activists and family blame suicide of Aaron Swartz on overzealous prosecution