China pledges continued support for investment in Africa

13 January 2006

Beijing, China, 13 Jan – The Chinese government has pledged to continue supporting Chinese companies investing in Africa by offering preferential loans and credit lines, China’s deputy foreign minister Lu Guozeng said in Beijing Thursday.

Speaking about an official document detailing China’s relations with Africa, Lu said that African countries needed investment to make use of their natural resources and that China aimed to provide mutually beneficial cooperation.

The document was published to coincide with the 50th anniversary of the first diplomatic relations established between China and Africa. Egypt was the first African and Arab country with which China set up relations, in May of 1956.

The deputy minister said the document showed China’s strong determination to further deepen its relationship with Africa.

Lu added that the 3rd China-Africa Forum ministerial meeting was due to be held in Beijing in the Fall and that the leaders of participating countries would discuss cooperation over the next three-year period.

China’s Foreign Minister, Li Zhaoxing is currently on a week-long African tour to increase bilateral relations and sign economic and technological cooperation agreements with the six countries he is visiting, including Cape Verde. (macauhub)