China’s bond of commitment – China Daily (CHN)
New round of assistance to Africa will benefit its development and help promote peace and stability across the world. China’s latest measures to boost ties with African countries, as outlined by President Hu Jintao at a forum in Beijing on Thursday, are expected to enrich Sino-African cooperation and open up new avenues for further development of the decades-long partnership.
China, Africa to promote local government cooperation – FOCAC
China and African countries are expected to push forward local-level cooperation at the First Forum on China-Africa Local Government Cooperation to be held in Beijing next month.
China-Africa Summit in Beijing Calls for Strengthening Relationships – Mathaba.net
A two-day meeting on July 19-20 in Beijing was the focus of international attention with the bringing together of ministers from 50 African states and officials of the People’s Republic of China. The Forum on China-Africa Cooperation (FOCAC) also attracted six African heads of state from South Africa, Benin, Cote d’Ivoire, Equatorial Guinea, Djibouti and Niger.
Africa-China cooperation not exclusive but win-win, says Kenya’s PM – FOCAC
Kenyan Prime Minister Raila Amollo Odinga on Monday said Africa-China cooperation creates a win-win situation. In both political and economic fields, many African countries are experiencing a period of transformation, and China’s assistance to those countries is timely and valuable, Odinga told Xinhua in an interview in Guangzhou, the last stop of his China tour.
New era for ties with Africa – FOCAC
The Fifth Ministerial Conference of the Forum on China and Africa Cooperation was held in Beijing on Thursday and Friday. President Hu Jintao attended the opening ceremony and delivered the keynote speech, during which he detailed the achievements of Sino-African cooperation over the past 12 years, outlined the bright future of the new type of strategic partnership between China and Africa, and announced a series of policy measures that the Chinese government will implement to further promote bilateral cooperation.
China, Africa to Promote Local Government Cooperation – Capital FM (KEN)
China and African countries are expected to push forward local-level cooperation at the First Forum on China-Africa Local Government Cooperation to be held in Beijing next month.
Profit from the China/Africa alliance with this ETF – Emerging Money
As the markets have recently shown more signs of weakness, it is time to keep our collective eye on the prize and look to the future. Without bringing out a multitude of investing platitudes, remember: the time to buy a China ETF or any asset is when there is blood in the streets.
SA cements Brics with China in African venture – BizCommunity (ZAF)
According to Sunday Independent, International Relations and Co-operation Minister Maite Nkoana-Mashabane has taken over from her Egyptian counterpart as co-chairperson of the Forum on China Africa Co-operation (Focac), the framework for the burgeoning relations between the continent and the booming Asian giant.
China steps up the Africa charm offensive – Financial Times (GBR)
At the 5th Forum on China-Africa Cooperation last week, Chinese president Hu Jintao’s made a pledge of $20bn of loans to Africa over the next three years. An impressive sounding sum, but what is its significance?
At China-Africa meeting, Ban highlights role of South-South cooperation – Defence Web (ZAF)
Secretary-General Ban Ki-moon today highlighted the importance of continuous South-South cooperation during a forum in Beijing, China, adding that strong ties between developing countries are essential for global economic growth.
China, African countries pledge to implement Beijing Action Plan – FOCAC
China and African countries on Friday pledged to ensure the full implementation of the proposals enshrined in the Beijing Action Plan (2013-2015) of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC).
New era for ties with Africa – China Daily (CHN)
Both sides agree to work together to promote common development and a just global governance mechanism. The Fifth Ministerial Conference of the Forum on China and Africa Cooperation was held in Beijing on Thursday and Friday.
China: Building strong linkages with Africa – Daily Mail (ZAM)
IN Malawi, a landlocked African country, rows of cotton cultivated by local farmers with instruction from Chinese experts are budding; in Ethiopia, a shoe factory, which was built with investment from the China-Africa Development Fund, is teeming with local workers; in the Democratic Republic of Congo, a hydropower station, financed by credit from China, has just been inaugurated.
New strategy to be devised for ties with Africa – Global Times (CHN)
During the Fifth Ministerial Conference of the Forum on China-Africa Cooperation in Beijing last week, China announced a $20 billion credit line to African countries over the next three years.
Take China-Africa strategic partnership to a new level – New Vision (UGA)
The fifth ministerial conference of the forum on China-Africa cooperation (FOCAC) is being held in Beijing today and tomorrow. It is yet another major event in the friendly relations and cooperation between China and Africa.
China Reaffirms Support for Africa – Cubasi (CUB)
President Hu Jintao reaffirmed today China´s unconditional support for African countries in the defense of peace and stability, by calling for a joint approach to challenges like climate change and sustainable development. China and Africa must strengthen political trust and deepen mutual understanding, emphasized the Chinese leader at the opening session of the fifth Ministerial Conference of the Forum for the Cooperation of the two nations.
US seeking to boost co-op with China in Africa – China Daily (CHN)
The United States has been seeking to boost cooperation with China inaddressing long-term development challenges facing countries in Sub-Saharan Africa, theState Department said on Friday.
China-Africa co-op benefits both sides – China Daily (CHN)
China-Africa cooperation has brought substantial benefits to both sides, saidChinese Foreign Minister Yang Jiechi on Friday, adding that China will continue to promote thecooperation with sincerity, mutual respect and equality.
China, African nations vow cooperation – Business Report (ZAF)
Chinese Foreign Minister Yang Jiechi said Friday that talks with his African counterparts at a Beijing forum were a success and they outlined plans for future cooperation between China and African nations.
Niger to boost cooperation with China – FOCAC
Niger’s President Mahamadou Issoufou said on Friday that the outcome of the Fifth Ministerial Meeting of the Forum on China-Africa Cooperation (FOCAC) will boost cooperation between Niger and China. Issoufou said that the new measures in China-Africa cooperation, proposed by Chinese President Hu Jintao, show China’s resolve to strengthen the cooperation, during a press conference in Beijing.
Chinese President Hu Jintao has proposed measures in five priority areas to boost the ties between China and Africa – Defence Web (ZAF)
Speaking at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, Hu said in the next three years, his government will take measures in five priority areas to support the cause of peace and development in Africa and boost a new type of China-Africa strategic partnership.
China-Africa trade unsustainable – Zuma – Business Report (ZAF)
President Jacob Zuma cautioned on Thursday that Africa’s trade relationship with China was “unsustainable” even as his Chinese counterpart, Hu Jintao, promised $20 billion (R163bn) in new loans to the continent.
The “secrets” behind the success of China-Africa relations – China Daily (CHN)
The close ties and strong partnership between China and African countries are attracting international attention. China is now the largest trading partner of Africa with a record high trade volume of USD166.3 billion in 2011. The Chinese “footprints” in the African continent are so visible and so welcomed that some people find it utterly unexpected and surprising.
China into Africa – Financial Times (GBR)
Jacob Zuma, South Africa’s president and hitherto an evangelist of China’s role in Africa, has warned an Africa-China summit that his continent needs to “be cautious when entering into partnerships with other economies”. Africans may legitimately worry about their trading patterns with the world’s second economy – but Mr Zuma and other African leaders are best placed to address these concerns.
Finance and Banking
China’s loan to Africa – Business Day (NGA)
China, in the next three years, wants to invest $20 billion in Africa, twice the amount it pledged three years ago. Most of it will be channelled to agriculture, infrastructure and small and medium-sized companies.
China is our best china to drive economic growth – Business Live (ZAF)
Foremost in my thoughts was the motivation behind Reserve Bank Governor Gill Marcus’ courageous decision to lower the repo rate for the first time in almost two years, and the outcome of this act on both the country’s savers and spenders.
China commended on making things happen in Zimbabwe: media – FOCAC
China has been commended on making things happen in Zimbabwe by assisting the country to transform economy, an analytical article carried by The Sunday Mail said. Though roiled by the global financial crisis, China has managed to open its 3 trillion U.S, dollar vault for the mutual benefit of itself and its partners around the world, including the African continent.
China’s aid to Africa comes under spotlight – MENAFN.com
Two main features characterize China’s new aid program to Africa – its volume that amounts to $20 billion over the coming three years, almost double what it gave during the past three years.
China pledges $20 billion loans to Africa – SF Gate (USA)
President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo (R) speaks to his Chinese counterpart Hu Jintao (not pictured) during the 5th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) held at the Great Hall of the People July 19, 2012 in Beijing, China. The conference will review cooperation between China and African nations with a view to the forming of a three year development plan focusing on accelerating socio-economic development.
China pledges $20 billion credit line for Africa – Mmegi (BWA)
China has pledged a credit line amounting to $20 billion (P 151 billion) to Africa over the next three years. The funds will be used for the development of infrastructure, agriculture, manufacturing, and small to medium size enterprises.
China Offers Africa Billions in New Loans – Wall Street Journal (USA)
China pledged billions of dollars in new aid to Africa and said Chinese companies doing business there would act responsibly, as the country seeks smooth relations with the resource-rich continent despite emerging trade and social tensions.
‘Made in Africa’ products get the boost – China Daily (CHN)
Chinese Commerce Minister Chen Deming said Friday that the shift of some Chinese industries to African countries has boosted the competitiveness of products made on the continent. An increasing number of Chinese enterprises are eyeing the competitive advantages of labor and consumer markets in Africa, and have started to move their production there, Chen said in an interview with Xinhua.
China ups its stake in abundant Africa as Europe flounders – The China Post (CHN)
Having overtaken the United States as Africa’s biggest trading partner two years ago, China is continuing to cement its relationship with the continent, with President Hu Jintao pledging US$20 billion in loans over the next three years at a meeting in Beijing attended by leaders from 50 African countries.
Sino-Africa future is bright – New Vision (UGA)
There are a lot of encouraging scenes unfolding as China fulfills its commitments on economic cooperation and trade announced at the fourth ministerial conference of the forum on China-Africa cooperation in 2009.
China to create favourable environment for trade with Kenya – Africa Manager
China will work towards creating an enabling environment for Kenya’s business community, the Chinese Vice-President, Xi Jinping, has said.Speaking at the just-concluded China-Africa Forum in Beijing, Xi told Kenyan Prime Minister Raila Odinga that China held its bilateral relations with Kenya very dear, the Prime Minister’s Press Service (PMPS) said in a news dispatch.
China and Africa look to boost trade – BBC News (GBR)
Trade between China and Africa hit a record $166bn (£106bn) last year, according to the Chinese. But while China pours billions into resource-rich Africa to help meet its ferocious demand for raw materials, accusations of a new kind of economic colonialism abound.
Transport and Infrastructure
Infrastructure to be planned by subregions – China Daily (CHN)
China will modify its model of cooperation with Africa to make infrastructure construction plans by subregion, instead of focusing only on individual countries.
Minister of Commerce Chen Deming made the remarks on Friday after a conference of China and 50 African nations.
Fifth meeting of China-South Africa Defense Committee held in South Africa – People’s Daily Online (CHN)
Nosiviwe Mapisa-Nqakula, minister of defense and military veterans of the Republic ofSouth Africa, met with a Chinese military delegation headed by Ma Xiaotian, deputychief of general staff of the Chinese People’s Liberation Army (PLA), on July 18, 2012in Pretoria, capital of South Africa. The Chinese military delegation came to SouthAfrica to attend the fifth meeting of the China-South Africa Defense Committee.
Africans Urge China to Help Create Sustainable Development – Voice of America (USA)
African leaders and independent groups are pressing China to prioritize sustainable development in its trade with African countries. In Beijing, officials say they increasingly recognize the importance of sound environmental practices for building strong relations with the continent.
Zuma hails China-Africa education ties – China Daily (CHN)
South African President Jacob Zuma on Friday called on China and Africa to continue their shared commitment to education and innovation cooperation. “As South Africa begins its tenure as co-chair of the Forum on China-Africa Cooperation for the period 2012-2018, it is important that China and Africa continue their shared commitment to education, and innovation through research and development,” Zuma said in a speech at Peking University.
Media key to Sino-Africa ties: Chinese official – China Daily (CHN)
The media is an important avenue in the promotion of friendship between Chineseand Africa people, a Chinese government official said on Monday. That is the reason Chinese media firms with global reach have established their operations inAfrica, said Chinese Embassy in Nairobi Counselor Yan Xiusheng told journalists.
South African media praises Forum for China-Africa Cooperation for promoting common development – Global Times (CHN)
The Forum for China-Africa Cooperation (FOCAC) has gained notable success, the South African newspaper Star reported on Friday. The two-day Fifth FOCAC Ministerial Conference concluded in Beijing on Friday, attended by government heads, officials and other delegates. The forum debuted in 2000.
Beijing’s aid to Africa doing its bit to unify the continent – Business Day (ZAF)
AS THE fifth China-Africa summit closed in Beijing, China’s foreign minister was already hailing a successful meeting, one which “forged consensus and enhanced mutual trust”.
China in Africa: Health Sector – AMb. David Shinn
The Council on Foreign Relations (CFR) in New York addressed on 25 July 2012 the question of China’s health assistance to Africa in its Development Channel. CFR identifies both the positive and negative side of the assistance.
China Training African Workforce to Partner with Chinese Businesses – Atlanta Black Star (USA)
With China continuing its wave of investments in Africa, Chinese companies are working to train more high-level professionals in the region, as a lack of qualified talent has become a roadblock for the budding business relationship between China and Africa.
Copy Chinese way of living – TimesLive (ZAF)
South Africa has one of the lowest savings rates in the world. We are a country that consumes all that it makes. We also are a country with high levels of indebtedness; we live way better than we should, on much more than we should.
Zim, China Urged to Strengthen Cultural Ties – The Herald (ZIM)
Education, Sport, Arts and Culture Deputy Minister Lazarus Dokora has called on Zimbabwe and China to collaborate in areas of information, communication technology, infrastructure development, martial arts and event management.
China-Africa fraud gangs busted – East Day (CHN)
SHANGHAI police said they had busted two gangs who swindled firms in a number of countries out of 2.4 million yuan (US$387,096) through online fraud. It is the biggest international online scam China has detected in terms of the number of criminals, amount of stolen money and fraud cases involved, police said. Eight people from Africa and one Chinese were arrested, and 41 fraud cases were involved, with nine verified.
Chinese firms pitch in to boost Africa’s human capital – Asia One (CHN)
Chinese companies are helping to train high-end business talent for Africa, as the lack of such professionals has become a bottleneck for increased China-Africa business cooperation.
China holds seminar to boost culture exchanges with Africa – FOCAC
Along with China’s efforts to boost economic ties with African countries, the nation is also working to promote bilateral culture exchanges. While participating in a seminar for African information officers and journalists in Beijing, Irene John from Tanzania said she felt “very lucky” to attend it.