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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2087)12/18/2003 1:28:57 PM
From: RealMuLan  Read Replies (1) of 6370
 
China Cancels Africa's Debts



Cameroon Tribune (Yaoundé)

December 17, 2003
Posted to the web December 17, 2003

Peter Efande

Beijing has fulfilled its commitment by cancelling 31 African countries' debts totalling US $1.27 billion.

During the second China-Africa trade summit held this week in Ethiopia, China said it would provide enhanced support for Africa, without any political discrimination. Both African and Chinese delegates agreed that there was vast potential for growth in trade between China and Africa, and that this was vital for Africa's development. Chinese and African leaders vowed to build stronger political and economic ties to counter western dominance in world affairs and improve the standing of poor countries.

allafrica.com
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