Are you a part of the News/Talk 750 WSB VIP? Sign in or join now. Why join?
Text size: A A A
China offers Africa more trade, investment

By the Associated Press

BEIJING (AP) -- China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.

The proposals outlined by Chinese Commerce Minister Chen Deming come ahead of a summit Sunday and Monday between Chinese and African leaders in the Red Sea resort of Sharm el-Sheikh. The meeting follows a landmark 2006 summit in Beijing that catapulted China's hunt for oil, minerals and other raw materials in Africa and brought Africa Chinese investment in infrastructure and other projects.

Chinese investments in Africa totaled $7.8 billion as of last year while trade has rocketed 30 percent annually this decade, exceeding $100 billion last year, Chen said in an essay published in the state-run China Daily newspaper.

Among the new measures Chen proposed are exempting unspecified types of commodities from customs duties, setting up logistics centers in Africa and creating an inspection system to weed out trade in substandard consumer goods. China would also continue to build schools and hospitals, support malaria-prevention programs and improve farming methods in Africa, Chen said.

The proposals seem intended in part to blunt criticisms that rapidly growing economic ties were chiefly benefiting the Chinese side, with China reaping natural resources and cornering consumer markets while creating too few jobs for Africans. International aid watchdogs and good governance groups have likewise criticized Beijing for its loan policies in which few conditions are attached, thereby encouraging corruption.

"China has closely followed the development of Africa and sincerely wishes to make its contributions to the African people in developing their nations and creating a better life," Chen said.



Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP material nor any portion thereof may be stored in a computer except for personal and non-commercial use. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

send to a friend  view as printer-friendly  RSS feeds
advertisement

WSB 24-Hour Weather Center
Get the 5-day Forecast .

Atlanta weather

Mostly Cloudy
60°F
5-day forecast | Hurricane Guide
advertisement

Marketplace

Cancer Wellness at Piedmont Cancer Cente
Cancer Wellness at Piedmont Cancer Center - Providing help and support to those facing cancer. Learn more.
Emory Vision
Emory Vision is the best LASIK provider in Atlanta. Learn more at our online seminar.
"How to Build Your Financial Future" Online Seminar sponsored by Associated Credit Union. Details
Georgia Cancer Specialists
Click here to view GCS's video, "Seven Things You Should Know About Breast Cancer."
advertisement
Green Home Improvement
Allan Vigil Racing Fan Frenzy
Racing Fans, play the Allan Vigil Racing Fan Frenzy now! Click here for all the details.
Resurgens Spine Center
View our webinar “The Latest In Total Joint Replacement.” Watch now
powered by AutoTrader.com Shop for cars, find a dealer, and get the latest automotive news in our Local Car Buying Guide powered by AutoTrader.com
powered by Kudzu From fast food to fine dining, find it all in our Local Business Directory .
Stay ahead of the storm. Find evacuation routes, safety tips and more in the Hurricane Guide.
News Talk 750 WSB Mobile Access
News/Talk 750 WSB wants to make sure you can access our website anytime you want from any device. Click here to find out how.
Going Green
Help do your part to save water, reduce air pollution & greenhouse emissions. Go Green!
Georgia Bulldogs Radio Network
Your online connection to the Georgia Bulldogs Radio Network team!
Read the AJC and stay on top of everything in Atlanta! Get delivery for less than $2 a week!
Join Channel 2 Action News anchors John Pruitt and Monica Pearson at 5, 6, and 11pm.