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Preferential loans directed towards infrastructure and social programmes where announced by Wen Jiabao, the Chinese premier, at the opening of a two-day China-Africa summit. Full Article at The Telegraph
Related Articles
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Chinese Premier Wen Jiabao has met with several African leaders on the sidelines of the fourth ministerial meeting of the Forum on China-Africa Cooperation which opened on Sunday at this Egyptian tourist resort. Full Article at People's Daily Online
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China has offered Africa concessional loans worth US$10 (€6.5) billion as part of a host of new measures aimed at improving the economy of African nations. Full Article at Wikinews
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PREMIER Wen Jiabao yesterday pledged US$10 billion in low-interest loans to African nations over the next three years, saying China was a "true and trusted friend" of the continent and its people. Full Article at Shanghai Daily
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Last year bilateral trade between China and Africa reached an epic 100 billion US dollars, currently the Chinese economy is four times as big as that of the whole of Africa, where affordable consumer goods are lacking. Full Article at Deutsche Welle
Related Quotes
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Africa's development is an essential part of achieving global development, and as the sincere and dependable friend of Africa, China deeply feels the difficulties and challenges faced by Africa
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The Chinese people cherish sincere friendship toward the African people, and China's support to Africa's development is concrete and real
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are a response to requests by the African people to improve their livelihood ... The two agreements represent ... a comprehensive plan for a new stage of Chinese-African cooperation.
– Yang Jiechi SOURCE: Times West Virginian -
Whatever change may take place in the world ... our policy of supporting Africa's economic and social development will not change
