Weekly news

07/09/2009 to 13/09/2009

All last week’s China Africa developments below: 

 
*  From quality manufacturing to new-generation vehicles, Chinese auto firm lays down markers- Engineering News (ZAF)
11/9/2009
There is a Chinese proverb about a gun and a knife, explains Chery International GMBiren Zhou over dinner in the sweltering city of Wuhu, where the Chinese vehicle manufacturer’s plant is located. 
Full Story.

 

* Zimbabwe looks to China for economic rebuild- Business Day (ZAF)
11/9/2009
Zimbabwe wants China to use its manufacturing prowess to help rebuild the African nation, aiming to avoid an older model whereby China only sees it for its mineral wealth, Zimbabwe’s deputy prime minister said today. 
Full Story.

 

* Standard Bank sees Chinese returning to Africa- Engineering News (ZAF)

10/9/2009
Standard Bank Group, Africa’s top bank by assets, expects to seal a dozen major lending deals in Africa in cooperation with its China partner in the next year, as resource-hungry Chinese firms begin returning to the continent. 
Full Story.

* Angola blocks sale of Marathon field stake to China- Business Day (ZAF)

10/9/2009
Angola has blocked the sale of Marathon Oil’s 20% stake in an oil block in the African nation to Chinese state owned firms CNOOC and Sinopec. 
Full Story.
 

* China’s CNPC gets $30bn loan for overseas buys- Business Day (ZAF)
9/9/2009
The Chinese government, sitting on more than $2 trillion in foreign exchange reserves, has this year stepped up its backing of state companies scouring the globe for assets and raw material supplies from Australia to Africa and South America to Russia. 
Full Story.

 
* China names new Secretary-General of the Forum for cooperation with Portuguese-speaking countries- Club de Mozambique (MOZ)

9/9/2009
The Chinese Trade Ministry has named Chang Hexi as the new Secretary-General of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries, Portuguese news agency Lusa reported Wednesday. Full Story.

 

* Chinese officials size up long-term potential in Sino-African economic collaborations- China Trade Information (CHN)
9/9/2009
Although Sino-African trade had weakened during the global financial crisis, Chinese and African enterprises could strengthen their collaboration and emerge from the downturn together, Chinese trade officials said at a trade fair Wednesday. Full Story.

 
* Chinese Technology for Adire- This Day (NGA)
8/9/2009
The famous Adire cloth will soon begin to wear a better look, as a leading Chinese cloth making company has acceded to the Ogun State Government’s request to fine tune the production processes of the popular local brand. Full Story.

* China donates 548 tonnes of relief food to Arusha- IPP Media (TZA)
8/9/2009
The government of China, through the World Food Programme, has donated 413 tonnes of maize and 135 tonnes of peas to nine villages in Arusha Region which have food shortages. Full Story.

 

* China keen to double trade with Africa- Walta Information (ETH)
8/9/2009
China has finalized plans to double its assistance to African countries and increase trade with Africa targeted to reach 100 billion USD by 2010, according to allAfrica.com. Full Story.

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