“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:
U.S. SEC to release long-awaited "crowdfunding" rule
U.S. steps up Pakistan surveillance: ‘black budget’ analysis
Yosemite fire prompts state of emergency in San Francisco
Genetically modified salmon not harmful, FDA says
Minnesota farmer cleared by jury in raw milk case
Las Vegas casinos adopt new form of currency: Bitcoins
Your employer may share your salary, and Equifax might sell that data
China Gold-Mine Deals at Record After Price Plunge
Austrian presidential election result overturned
Alibaba Revenue Misses Expectations; $4 Billion Stock Buyback Planned
Key evidence in Maricopa County Jail death suit of Deborah Braillard 'destroyed'
Money 3.0: How Bitcoins May Change the Global Economy
Iran vows it will not allow Assad to fall
More than two-thirds of Americans still use phones while driving
Gun Makers Now Refusing To Sell Arms To Law Enforcement In New York & Other States