BEIJING - A number of Chinese
companies on Sunday inked deals with African governments and firms worth US$1.9
billion (euro1.49 billion), Chinese state media reported.
|The two-session round tables of Chinese and
African leaders attending the Beijing Summit of the Forum on China-Africa
Cooperation (FOCAC) opens at the Great Hall of the People in Beijing,
November 5, 2006. [Xinhua]|
The 16 agreements were signed at the conclusion of a conference of Chinese
and African entrepreneurs, the official Xinhua News Agency said, without giving
The conference was held on the sidelines of a two-day forum attended by
dozens of African leaders aimed at boosting ties between the two sides.
on Saturday pledged billions of dollars (euros) in aid and loans to Africa.
African leaders at the meeting said Saturday they welcomed Chinese investment
and business ties.
President Hu Jintao pledged to double China's aid to Africa from its 2006
level by 2009. Hu promised US$3 billion (euro2.4 billion) in loans, US$2 billion
(euro1.6 billion) in export credits and a US$5 billion (euro3.9 billion) fund to
encourage Chinese investment in Africa.
"Chinese assistance to Africa is sincere, unselfish and has no strings
attached," Premier Wen Jiabao said at a gathering of Chinese and African
entrepreneurs held as part of the conference.
Wen also promised to ensure that projects are "open, just, fair and
The two-day event includes heads of state from 35 of the 53 African nations,
and top officials from 13 others - one of the largest such gatherings in
China's trade with Africa soared to US$39.7 billion last year - four
times its 2000 level - according to Wen. He called for efforts to boost
that to US$100 billion by 2020, and promised to open China's markets wider to
China's state oil companies are expanding in Africa, signing deals in
Nigeria, Angola, Sudan and elsewhere. Manufacturers are trying to expand exports
to African markets.
A succession of African leaders said Saturday they want closer
commercial ties with China, and hope to learn from its two-decade-old boom as
they try to reduce poverty.
"Chinese companies can become key players by investing in our development
processes," said President Paul Kagame of Rwanda, speaking on behalf of a group
of East African governments.