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Sharm El-Sheikh: China's premier says Beijing will provide USD 10 billion in new loans to African nations over the next three years and has outlined a plan to cancel government debts for some of the poorest of those countries. Full Article at Zee News
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SHARM EL-SHEIKH, Egypt China's premier says Beijing will provide $10 billion in new loans to African nations over the next three years and has outlined a plan to cancel government debts for some of the poorest of those countries. Full Article at FOX News
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Chinese Premier Wen Jiabao announced the loans while addressing the opening ceremony of the Fourth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh, Xinhua reported. Full Article at New Kerala
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SHARM EL-SHEIK, Egypt — China's premier on Sunday pledged $10 billion in concessional 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, as the Asian... Full Article at Fort Worth Star-Telegram
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Page last updated at 10:12 GMT, Sunday, 8 November 2009 China has cultivated strong economic ties with Africa China has pledged to give Africa $10bn (£6bn) in concessional loans over the next three years, Chinese Premier Wen Jiabao has said at a summit... Full Article at BBC News
Related Quotes
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The relationship between Chinese civilisation and Islamic civilisation goes back years ... China is a multi-ethnic and multi-religious country. The basic policy of the Chinese government is to ensure equality among all ethnic groups and speed up the economic development of all regions.
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Most importantly, we hope the United States will keep an appropriate size to its deficit so that there will be basic stability in the exchange rate, and that is conducive to stability and the recovery of the global economy
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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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We have seen some signs of recovery in the U.S. economy ... I hope that as the largest economy in the world and an issuing country of a major reserve currency, the United States will effectively discharge its responsibilities
