BBC: China to double its aid to Africa

blackhorse

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Sat Nov-04-06 02:04 AM
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BBC: China to double its aid to Africa

China to double its aid to Africa

China has pledged to double its aid to Africa and provide $5bn in loans and credits over the next three years.

Chinese President Hu Jintao made the announcement as he opened a summit in Beijing attended by nearly 50 African heads of state and ministers.

The summit is focusing on business with more than 2,000 deals under discussion.

African leaders welcome their booming trade links with China, but critics accuse Beijing of dealing with repressive regimes.

http://news.bbc.co.uk/2/hi/asia-pacific/6115870.stm

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aquart

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Sat Nov-04-06 02:40 AM
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1. Hey, they can afford it.

Wonder how that happened?

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oblivious

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Sat Nov-04-06 04:20 AM
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2. And is forgiving 10 Billion in loans.

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CJCRANE

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Sat Nov-04-06 06:10 AM
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3. Seems like an economic Cold War.

The Chinese are also making new friends in South America.

With B*sh "stuck in Iraq" the Chinese are forging ahead.

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