All last week’s China Africa developments below:
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)
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)
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)
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)
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.
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)
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.
China donates 548 tonnes of relief food to Arusha- IPP Media (TZA)
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)
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.