WRITE for ATol ADVERTISE MEDIA KIT GET ATol BY EMAIL ABOUT ATol CONTACT US
Asia Time Online - Daily News
              Click Here
Asia Times Chinese
AT Chinese



    China Business
     Nov 8, 2006
'Win-win' deals at China-Africa summit
By Antoaneta Bezlova

BEIJING - A flurry of trade deals worth US$2 billion were signed during an unprecedented China-Africa summit aimed at forging closer links with the resource-rich continent. But while talking business in Beijing, China showed susceptibility to criticism that it was behaving like a modern colonial power.

The announcement of the deals on Sunday came after China pledged to double its aid to Africa from the 2006 level by 2009. 



Speaking at the summit, President Hu Jintao promised $3 billion in preferential loans, $2 billion in export credits, and the setting up of a $5 billion fund to encourage Chinese investment in Africa.

Hu declared that China's newly forged strategic partnership with Africa would be based on "political equality and mutual trust". He also emphasized "win-win economic cooperation", noting that China and Africa conducted $40.6 billion of trade in the first nine months of the year, up 40% on a year earlier.

"Common destiny and common goals have brought us together," Hu said, evoking China's and African nations' shared fight against colonialism.

Acknowledging China's rise as an economic powerhouse, Hu promised that Beijing would forgive more debts owed by the poorest African countries and grant more of their goods tariff-free import status. China has so far written off the debts of 31 countries and given an estimated $5.5 billion in assistance.

Yet Beijing refused to link its aid and growing investment on the continent to human rights or democracy as the United States and other Western countries have demanded.

"Chinese assistance to Africa is sincere, [is] unselfish and has no strings attached," Premier Wen Jiabao said at a gathering of Chinese and African entrepreneurs held as part of the two-day Forum on China-Africa Cooperation.

Human-rights groups have been concerned about China's willingness to turn a blind eye to the unethical policies of some African governments while looking for oil and raw materials to supply its burgeoning economy.

Among the African leaders China welcomed to the summit was Zimbabwean President Robert Mugabe, who is largely ostracized in the international arena for his authoritarian and racially discriminatory policies.

Beijing is also a staunch supporter of Sudan's government, which has been accused of allowing genocide in the country's Darfur region. At least 200,000 people are said to have died as a result of Khartoum's policies, but Sudan's economy is booming largely on the back of oil exports to China.

Both Mugabe and Sudanese President Omar al-Bashir were among the 48 African leaders and representatives who attended the Beijing summit. It prompted New York-based Human Rights Watch (HRW) to appeal to Chinese leaders to stop supporting their regimes by providing aid and supplying them with electronic surveillance technology.

"A truly revolutionary approach for any power in Africa, and particularly one that prides itself on its solidarity with the developing world, would be to stand with the people of Africa and support their basic human rights," HRW said in a statement.

China has been averse to making overt diplomatic interventions in other countries' domestic politics. However, as China's influence on the international arena has increased, its policy of "non-interference" has come under fire as self-serving and inappropriate for an emerging global player.

But at a press conference with the foreign ministers of Ethiopia and Egypt, Chinese Foreign Minister Li Zhaoxing rejected such criticism, saying his country respected the choices made by African nations and would not impose China's development model on the continent.

Chinese commentators have also described the forum as an unprecedented opportunity for African leaders to get their voices heard in the international arena.

"No matter how highly you value the importance of the summit in this regard, you cannot overrate it," said Liu Naiya, an Africa expert with the Chinese Academy of Social Sciences.

Beijing has pledged to lobby with the United Nations to pay more attention to the economic development of Africa, and to promote "South-South" cooperation. The $1.9 billion worth of trade deals signed during the November 3-5 summit cover cooperation in a wide range of areas such as natural resources, infrastructure, finance, technology, textiles and communication.

The largest among them are a $938 million deal for China's state-owned CITIC to set up an aluminum plant in Egypt and a $300 million deal to upgrade a highway in Nigeria.

Fending off criticism that its large investment projects bring with them expatriate Chinese workers and do not leave any legacy of skill transfer, Beijing announced it will train 15,000 African professionals while sending agriculture experts and youth volunteers to work on the continent. It also said it would double to 4,000 the number of scholarships given to African students by 2009.

(Inter Press Service)

China mixes rice and neo-colonialism (Oct 6, '06)

 
 



All material on this website is copyright and may not be republished in any form without written permission.
© Copyright 1999 - 2006 Asia Times Online Ltd.
Head Office: Rm 202, Hau Fook Mansion, No. 8 Hau Fook St., Kowloon, Hong Kong
Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110