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Jason Lee / Reuters
China's President Hu Jintao (right) shakes hands with South Africa's President Jacob Zuma during the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation in Beijing on Thursday.
BEIJING -- Chinese President Hu Jintao on Thursday pledged African governments $20 billion in credit over the next three years and called for more China-Africa coordination international affairs to defend against the "bullying" of richer powers.
Hu made the lending pledge during the opening ceremony of the Forum on China-Africa Cooperation in Beijing. The credit line is double the amount offered in 2009 at the last forum held in Egypt.
Hu promised more Chinese help for African countries in building agricultural technology centers, training medical and other personnel, and digging wells to expand access to clean water. China will encourage investment and assistance in infrastructure that facilitates trade within Africa, he said.
China has emerged as Africa's main trading partner and a major source of investment for infrastructure, pouring billions of dollars into roads and developing the energy sector across the continent.
But the loans could add to discomfort in the West, which criticizes China for overlooking human rights abuses in its business dealings with Africa, especially in Beijing's desire to feed its booming resource-hungry economy.
PhotoBlog - Africa rising? China building on Zambian frontier
Hu brushed off such concerns in his speech at the Great Hall of the People, attended by leaders including South African President Jacob Zuma and Equatorial Guinea's Teodoro Obiang Nguema, a man widely condemned by rights groups as one of the world's most corrupt leaders.
"China wholeheartedly and sincerely supports African countries to choose their own development path, and will wholeheartedly and sincerely support them to raise their development ability," Hu said.
China will "continue to steadfastly stand together with the African people, and will forever be a good friend, a good partner and a good brother", he added at the summit held every three years since 2000.
Sudan's president, who is accused by an international court of war crimes, is visiting China, one of the biggest investors in his country. The visit comes just days before the oil-rich south of Sudan declares its independence. NBC's Adrienne Mong reports.
Hu also pledged to "continue to expand aid to Africa, so that the benefits of development can be realized by the African people." He did not provide an amount.
Hu said the new loans would support infrastructure, agriculture, manufacturing and development of small and medium-sized businesses in Africa.
'Checkbook' approach
Critics say China supports African governments with dubious human rights records as a means to get access to resources.
The EU has rejected what they call China's "checkbook" approach to doing business with Africa, saying it would continue to demand good governance and the transparent use of funds from its trading partners.
Such criticism draws rebukes from China that the West still views Africa as though it were a colony. Many African countries say they appreciate China's no-strings approach to aid.
"Africa's past economic experience with Europe dictates a need to be cautious when entering into partnerships with other countries," Zuma told the forum.
"We are particularly pleased that in our relationship with China we are equals and that agreements entered into are for mutual gain," Zuma added.
Oil-hungry China welcomes alleged war criminal al-Bashir
"We certainly are convinced that China's intention is different to that of Europe, which to date continues to intend to influence African countries for their sole benefit."
China's friendship with Africa dates back to the 1950s, when Beijing backed liberation movements in the continent fighting to throw off Western colonial rule.
Growing trade links
Chinese state-owned firms in Africa also face criticism for using imported labor to build government-financed projects like roads and hospitals, while pumping out raw resources and processing them in China, leaving little for local economies.
"Certainly quite a number of us are thinking we need to move into more value addition," South African's Trade and Industry Minister Rob Davies told Reuters.
"We need to export mineral products in a more processed form ... We need to bite this bullet very seriously."
Trade has jumped in the past decade, driven by Chinese hunger for resources to power its economic boom and African demand for cheap Chinese products.
China's trade with Africa reached $166.3 billion in 2011, according to Chinese statistics. In the past decade, African exports to China rose to $93.2 billion from $5.6 billion.
Industrial and Commercial Bank of China 601398.SS, for example, the world's most valuable lender, has invested more than $7 billion in various projects across the continent.
Reuters and The Associated Press contributed to this report.
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China is now a Superpower. It is now official.
Flip side, way to go China. Hopefully you will be sincere in helping as the west has failed to correct the damage it has done to an entire continent.
We can hope but, if the Chinese government's treatment of it's own people and environment is any example, then Africa will become just another country's tool.
Sincerity and China are not mutual.
They have an agenda - cheap foreign labor (easy marks, too - poverty and Islam and relatively backwards culture FTW!) and vast areas to turn into farmland to cheaply feed their people.
If something is too good to be true, it usually isn't. No strings? Are the African people that naive? I don't think so. Like anyone, they will take what they can get for free. This will be interesting to watch play out.
Awesome, they can't be any more devious than Europeans who have ensured that Africa got WORSE between 1500 and 1960. This type of cooperation should help both sides, as I see China using all of the resources that they can to mobilize folks to end 550 years of global European supremacy. They're making big bucks off of this and providing jobs for their people as well.
Let's say the very worst of what you said is true -- it is still leaps and bounds better than what Western Europeans have offered the world over the past 600 years. Of course China is going to want something out of the deal if they're helping, but that doesn't mean they aren't being sincere. Asia, South America, Africa, a lot of folks in Eastern Europe, and the indigenous folks around the planet have a common adversary (Western Europe and Russia's quest for world domination) - I'm sure China want's all the resources possible to overcome that system.
Got no right to talk @!$%# about China. At least they aren't going all over the world forcing their style of government on everyone or bombing countries for their resources. And we have had our own human rights problems. I think instead of worrying what China is doing, we should worry about ourselves and fixing the mess caused by all these greedy bankers and Congressmen. Elect all new representatives and vote None of the Above for Prez. They both suck.
This is no different from US government policy.
Look at what we give Egypt alone: according to the US State Dept. website, U.S. military aid to Egypt totals over $1.3 billion annually. In addition, the U.S. Agency for International Development (USAID) has provided over $28 billion in economic and development assistance to Egypt since 1975. (http://www.state.gov/r/pa/ei/bgn/5309.htm)
Read the story.
China's trade with Africa reached $166.3 billion in 2011, according to Chinese statistics. In the past decade, African exports to China rose to $93.2 billion from $5.6 billion. Industrial and Commercial Bank of China 601398.SS, for example, the world's most valuable lender, has invested more than $7 billion in various projects across the continent.
They are also offering military support. This isnt about just domination or money, its about coalition building.
China is now the only world's Superpower. They are literally proping up the entire world.
No different ??? We are throwing away our money. They are using their money to make more money. That is the different.
20 Billion? Obama can spend that on a lunch break. Maybe Michelle will have another dress made?
America is quickly becoming a street beggar asking "dear sir I hope you can give me some change."
For some strange reason you decided to bash Obama for no apparent reason. lol Maan just shut your mouth, get off of here and put your headphones in and turn Rush on untill your brain melts you F*cking retard. lmao hahahahaha
Exactly. The Chinese are enlisting the ranks of the world to change the status quo and the face of who is making moves on the planet. They're not looking to be masters of the planet, but the leader of changing how business is done on the planet. Until I see otherwise, I'm on board with China's continued development and partnerships in South America and Africa.
Well now
china has such a good track record, has everyone forgotten how racist Chinese
are? Opening Chinese only communities in other countries? And refuse to let any
other country have media in china but the Chinese expect to control media
services in other countries. Remember if you control the media you control
society. China also wants to insider trade with blood diamonds too I’ll bet. China
wants to supply agriculture and medical treatment. They have a plan for sure,
teach Africans how to chemically grow and ripen food then when everyone gets
sick, make the money back on the medical bill. Has everyone forgotten about the
exploding watermelons in china due to chemicals? And how about the jining
medical university dumping dead fetuses and babies in the river? if you ask any
black person working/ or has worked in china for over 5 years how charming,
gentle and respectful Chinese are? then expect to have your face laughed in.
china rarely goes into another country guns blazing. The Chinese use passive
hostile tactics, not aggressive hostile tactics.
I really
think it’s time the world leaders sat down and really talked it out. History stands
a very good chance of repeating itself. Firstly, one edition of the the Magna Carta
stated no free person in the world may pay interest to a Jew. That was probably
done for self-preservation against a passive hostile foreign entity working
around the laws of the time. It might be time to re-draught a new addition to
include no free person may owe interest to a Chinese. Secondly, history does
show us all what happens when a passive hostile foreign entity tries to take
over another countries import, export, interest markets, and key government
positions, banking systems, railway, transport systems, media outlets and more.
That’s right there are still some people alive who can talk about pre-war
Germany and the reasons why the German people were very unhappy with a passive
hostile takeover of their country. If you are angered by this you should be, we
are not talking about the death of five or ten Jewish bankers we are talking
about the slaughter of millions of Jews as a result of the anguish caused by Germans
becoming beggars in their own country. How would you feel if it happened to
your country, and is it happening now? Gee whiz I seem to recall the U.S making
rules preventing this from ever happening again and protecting the free people
of the world.
All of
those trillions of dollars china is making could return to Europe, England,
Australia, Africa, India the U.S. and more places if the governments stop
shipping raw materials to china and purchasing products from china. If Europe and
the U.S. turn their countries into viable tax havens for big multi-national business,
if Australia invites Japan to continue to build high end technology in a clean
environment without radiation it can be done. It’s better to work cheaper in
our own countries than give trillions of dollars away to a communist country
who hates your very guts. China has made money from cheat, lie, steal, copy and
price fixing the value of their currency. Give them no more quarters to do so
and the world will swim again. I will not buy anything made in china EVER
again! If you want my money then make cloths in Europe, if you want my money
make cars in the countries that made the technology possible. If you want my
money make cell phones in our countries and give people back some dignity and a
job!
We have got to stop borrowing and printing money just to satisfy Politicans who will be using it to retire like Fat Cats and laugh at the Tax Payers.
The People need to use Article V of the Constitution to impose term Limits on everyone in Congress.
If we do not we deserve what they do to us
So if article V of the constitution will impose tem limits for everyone in congress why don't the people use it,,Rember a government of the people and by the people is still there use it.!!!
What the heck does this have to do with the story?
Where are the mods? They should be aggressively deleting these pathetic anti-Obama bot posts.
MODS?
We've got a bigger collapse coming, and not just of the markets but of the economy. Its like what you're seeing in Europe right now, only worse. Were gonna cut, I mean cut Govt. spending.The easiest way to put it, is that everything you don't think could possibly happen in America, will come to be. I would get out of Treasuries, and buy silver and gold. Buy the right foreign stocks. China knows what it's doing.
What would term limits in congress do? It would make congress a revolving door for corruption. The fat cat corporations would spend spend spend to get their candidates into the job. And since their paying out the arse, they'll be more aggresive about getting their policies pushed through.. It has merit, I'm just looking at the downside. Besides what does that have to do with China taking over as a superpower.. Go chinese.. see what it's like having the world hate you because you tried to help.. We should pull everything back home and cirlce the wagons and try to recover from the hole we're in now.. Let China take over.. screw them, if they want it so bad.. Not like we can't stomp them at any time.
It's been our experience everyone you give money to will hate you in 30 years.
Sail Naked...Because we want them to follow our rules and it doesn't work that way. These are independant countries and they wish to run their country the way they see fit.
The hell it doesn't! If I violate my creditor's terms I surely pay for it and I surely resent them for enforcing their terms! I'm only human after all.
The fact is the USA gets thrown under the bus by the leaders of those foreign independent countries because those leaders suck at leading and need a scapegoat (the USA) for when development projects don't go as planned (due to lack of leadership).
Lack of leadership and CORRUPTION. Seems that most of Africa's leaders/governments pocket the aid money and loans to fund their own personal fortunes rather than use it to help their people.
Africa is a highly volatile continent. Civil wars, genocide, corruption...almost all cyclical. It is a high risk investment, which could go either way for the Chinese, but I'm sure they will get what they want out of the deal unlike the US. They seem to have a longer term view towards their policies and give them time to pan out. This all started decades ago and is just now coming to fruition.
China is smart. Instead of bombing them into submission like the USA, they loan them money, trade with them and make friends. See the difference? Their way works, while ours doesn't, and never will. You can't shake hands and smile with a gun in your hand behind you.
perhaps smart at business. LOUSY with how it treats its people and its environment and there in is the focal point and it is a negative review. The greatness of a nation is in how it treats its people, animal, environment for it is SO easy to stomp on all of these. 2 thumbs down for china.
CK your history robertlevy; Look at the help we gave China back in the 30's and 40's when Japan was breathing down their backs.
We gave then now as time has passed and they have become the Communist leaders of the world.
I am not saying we are the greatest here in America, but I am saying that America is not the bad guy people make us out to be.
Really? And the US treats the environment a lot better?
Did we treat the Afghanis any better? The Iraqis? Have you asked them if they like us, lately?
Conrad: USA's help did not go to China until after Pearl Harbour was bombed. China, in fact, gave intelligence to USA and Russia regarding japanese bombing intention. Your government of the day ignored them.
USA's support of the then KMT party was against the wishes of the Chinese people. That's why KMT's 400,000 strong military were surrandering to the CCP in the numbers of ten's of thousands at a time.
Irregardless of how the CCP turned out, you were, as usual, supporting a government who had lost the trust and suppport of majority of the Chinese people.
Really? Because we gave a shi*tload of money to a lot of people who have no use for us now. Same will happen with this money. They will piss it away or most will be stolen by the corrupt leaders and China will still be at square one.
Way to go China! You're out capitalisting the capitalists.
China is turning into us (U.S). They have one million problems (extremely unequal classes, uncontrolled growth, labor strife, environmental problems, downturned economy, a near non existant, malfunctioning social suppor network, an ever growing and expensive military, AND instead of working on these problems, they are LOANING MONEY to other countries. Welcome to western style capitalism. Next: Outsourcing, labor unions, environmental laws, (more) social unrest, political spin and maneurvaring. Wecome to us (U.S.)
China, has turned into the USA.
Come on China, 20 billion, is that the BEST you can do? King Georgie gave Africa more than 30 billion over 5 years.
Last year, China promised 10billions and this year, it's 20billions. Next year could be more promising.
Within 2 years, China beat the hell out of the 30billions Georgie provided over 5 years.
When Obama was loaning Brazil $2+Billion USD to preform 'deep water' drilling, instead of developing US oil fields.
China had loaned Brazil $10+Billion and secured oil & NG supplies for decades. This was prior to the US deal by Obama. The USA paid Brazil to help China receive their oil/NG supplies...
Just like the USA giving Pakistan Billions, while China was building a deep water port and conducting Joint Military Exercises...
Or Afghanistan and the Chinese building a railroad, for their copper mine and 'rare earth' development...
And do not forget the oil deals in Iraq by China, because the US Oil Companies were restricted from bidding... Thank-you - Pelosi...
It's starting to look like Washington, is working against us Americans. Outsourcing tons of American jobs, giving away billions in tax stimulus. WWIII is right around the corner.
WWIII ought to be fought between the American people and our crappy leaders. Is this the best big money can buy?
Maybe they should. Otherwise it's too late before the empire disintegrate
THX for wasting you billions, so we don't have to waste ours... or you could just burn it, same result!! Some things money can't buy, like DNA!
yes because africans are genetically inferior to europeans or asians, and that is why so much of the continent is in such dire poverty. Not the fact that the europeans systematically enslaved, forcibly removed, raped, pillaged and occupied the continent for at least 100 years (longer for coastal regions). Not the fact that europeans/the west basically did what china is doing, and investing very little into the country (enough to extract all the resources) and shipped the riches back home. Not the fact that the colonial/apartheid system did nothing to develop infrastructure or education or do anything to bring Africans to more modern standards of living. Not the fact that they also just kind of drew lines in the sand to carve up the countries, completely obliterating ethnic/tribal/linguistic divisions that now forced those who were enemies to exist in the same country. Not the fact that after the europeans wiped their hands clean of the continent they left dictators and strongmen in their wake who brutally controlled the populace in order to maintain power and wealth for themselves. its no small wonder things like radical schools of islam, tribal allegiances, and pirates have become attractive for the poor, because after at least two centuries of oppression by europeans, they've had enough. douche.
brian...Good answer to a religous right wing nut
God Speed and brian: you're both guilty of posting while ignorant. But at least God Speed kept his ignorant posting brief. brian, I suggest making a trip to Africa one day. You evidently haven't been there. If you had, you might have something original to say, rather than the standard cut-and-paste diatribe that you can find duplicated almost word for word on a hundred sites. Africa is not quite as simple as you've made it out to be.
This post is a bot. Don't waste time on it.
wow godspeed you mean dogspeed bigot write a more informed post like eurpoe and the u.s dont have corruption and misery too.brian ditto,thanks
Everyone, finds GOD on their deathbed. I mean EVERYONE. It's either Oh God, Please God, begging for a GOD, they never believed in funny huh.
.
EXCUSE, EXCUSE, EXCUSE... GOD CALLED IT THE LAND OF NOD! "And Cain went out from the presence of the LORD, and dwelt in the land of Nod, on the east of Eden." (NOTHING, OR TO SLEEP) and he was right. Typical cut and paste is right! Europeans... blame them for everything... EXCUSE, EXCUSE... EXCUSE! JUST LIKE OUR INNER-CITIES, BLAME WHITE MAN... WE DID IT! Throw all the money you want to Africa and it will change nothing... EVER!
China should take a lesson from the U.S. We have been trying to BUY loyalty from the other countries since WW11 and it has NOT worked.
In fact it has made things worse. Why? Because all these countries now look at the American tax payer like a bank.
Why work or solve your own money problems. The American tax payer can just keep paying to support their own families and 2 or more of another countries families.
The mind set of other counties is that America has an endless supply of money when in reality we are so far in the hole it has become not a little hole but a black hole that sucks everything we have.
No matter how much we feed it, it still wants more. The counties on the other end of the black hole do nothing to stop the sucking of money, and why should they?
They have got the American tax payer to support them.
China would be better off spending that money on it's own people, in it's infrastructural demands and let the Europeans go to he*l.
Steven.,..You mean, we have been trying to buy loyalty by inposing our will. If you don't do it our way, not only will we not give you money but we will bomb you into seeing things our way.
robertlevy, and others........
do you hate America that much? do you not think both democrats and republicans were both making those "bad" decisions. if you think our country is built on such a horrible foundation, why are you still here? I get tired of this far right, far left banter - real Americans are neither. it's not too late to save our country from demise, we just desperately need to wake up and realize the state we are in and take control of our country again. the infighting has got to go. we need unity not division. coming together in unity is what won our freedom and formed this country. Unity. not focusing on what makes us different, but what makes us the same.
Robert seems to think that money alone creates leadership, that money alone builds infrastructure, that money alone develops prosperity. Robert is wrong.
A Simple fact of history is that it has been infinitely easier to rule by control (see China) than to rule by liberty (see USA). China is willing to allow African nations to continue to use forced compliance while the USA is not.
So Robert, just come out and say it, you prefer the easy way to "peace" rather than the hard way. You prefer to support the majority that is content with "prosperity" via forced compliance than the minority who want the freedom to choose their route to prosperity.
Our fearless leaders do the same thing to other third world countries, so why the attitude? We buy resources much the same way and over look human rights to keep political allies. It's all about greed!!
Just after WWII I was stationed in China.There was a story going around that one day the yellow race would rule the world.As a Marine I thought that meant militarily.Now it looks like China will do it with money,thanks to our politicians.
Yes, but also thanks to our 'business leaders' for selling out the American people by offshoring manufacturing to China in the name of lining their own pockets at the expense of the middle class in the US.
Also thanks to blind, stupid, malleable American consumers for not caring.
For the Chinese, Haiti is next...look into it. The Chinese are wanting to build a naval base down here...investing billions....
Rocket...So what..Haven't we built military bases all over the world? The world is not America and they don't want to be.
I know China is grabbing for power in the region, But I also know their intentions are good, we do the same thing all the time. Profit and resources. Maybe China will succeed where others have not?
The USA, UK, France and others have tried to tame the dark continent and have failed in varying degrees, or have failed completely.
The people of Africa deserve a chance at development and industry, a chance to help make the earth a better place to live.
I worry about dictators and thugs taking advantage and ruining everything
I feel better because you KNOW there intentions are Good.
Wow two people in a row with a brain and common sense. lol I thought I was alone. It seems like everyone that blogs on here is full of Hate and Debate. China did a good thing, Africa is happy, China is happy, So guess what you hate driven sour apple, sick minded individuals on here? The two people in this deal both don't give a Flying F*-k about what Us Americans think. And its starting to be noticed that the rest of the planet is starting to feel the same way. lol Sometimes peace can mean prosperity and This deal just proved it. USMC semper fi
The thing I find abhorent about China, is their stupid ideas about Elephant Tusks, Bear balls, Ivory, Rhino Horns etc. but the Japanese are just as bad with the Vietnamese and Koreans close behind. If these idiots would just buy Viagara, and leave the wild animals alone, they would get more satisfaction and cheaper also.
Rob your a racist coward that only has a small group of people you would say that kinda bullsh*t to, And those are your weak coward racist friends lmao hahahahaha.
Your a waste of space breath and life.
And so it starts! China by all rights would have owned the planet if it had been an agressive empire. This is huge! They'll make Great Britian and the US look like first graders as they expand across the globe.
They're going to win, too.
The 'west' will go utterly bankrupt paying 'entitlements' to, and trying to care for, its aging population.
China doesn't really care if millions of its own people die. When things get tough, what do you suppose they'll do?
They're using our money to build their empire while we spiral down the toilet.
It's genius, really.
Don't you wonder if our CEO's and 1% will be able to avoid a bullet to the back of the head when China comes knocking?
Nick, China does not want to build an empire. If they had wanted to, they would have conquered Kenya and Africa back in the 14th century. Instead, the Chinese 46 ships fleet only brought back giraffs and zebras. They did not kipnapped the Africans into slavery, like the Europeans & later the Americans did. Only ignorant Americans think China wanted to conquer the world, whilst your own military budget is 10X that of China's, & larger than the entire world's combined.
If you don't have the best weapons on the planet what else can you do? LOL
I agree with both Gary Gnu and Robertlevy. China is smart and they are officially the world's super power. They are strategically positioning themselves to be a world leader.
They know the importance of partnering with Africa and developing them as a strong nation. It will be for the well being of China and the rest of the world.
Africa has the natural resources and an untapped labor pool China needs. At the same time China will provide a way for Africa to increase their GPD, which they desperately need.
Think about it....Europe is still in the Stone Age (as far as economic policy is concerned, the US is not far behind) and will wither away, so you can not partner/trade with them. At this point and time the US has no natural resources, so you can not partner/trade with them. There are few very countries left that have vast amounts of natural resources available.
The US will be playing catch up soon enough. The US should have opted to partner with Africa first, it would have changed our future for the better.
Now is the time for Africa to restore their people and country. I see them being in the Top 5 as a world leader in the future.
ARE YOU KIDDING? The USA has Trillions of dollars in natural resources! Your post is either a poorly written attempt at sarcasm or you are completely oblivious.
The biggest threat to world peace and destruction is the USA and has been for the past 50 years, not China.
yes, I see your point. Makes perfect sense to me.
Very true. The US is still trying to be bad, corrupt cop for planet Earth.
So does china own the world now? I think if you turn the world over it might say made in china
Dont do it Africa. Look at us and learn.
After being robbed and enslaved for over 400 years by the Europeans and Americans, African people can only do better with China.
They will treat Africa as well as they treat their own people.... Running them over with tanks comes to mind.
A big reason, as naively stated in the article, that we care about this is because China has a bad track record for human rights. We don't give a damn about human rights either, and we don't factor that into how we do business. Who would have thought? China is just following our winning formula. Examples: weapons contracts with Egypt, Libya, Israel, and Pakistan. Sales and loans to nation-states that play loose and fast with the rules is how developed nations make the most cash. Odds are development fails and a few big shots blow all the cash on cars and yachts. Then, the people of Africa will get stuck forever indebted to China. Oh wait...didn't that already happen to us?
All I can say is:
How many strings are attached?
No strings are attached in the sense of military alliances or requiring a certain form of government. China's deals are strictly business, with economic benefits resulting to both sides. If China makes a deal with a corrupt or oppressive government, and later that government is overthrown, chances are the new government will continue the deal, as they want to continue receiving the benefits and China did not take sides in the struggle for power.
Yeah, just leave all the bullying to them. No other countries need apply.
Hooray to China, the New Superpower!!!!! If this is "Checkbook Diplomacy" then let it be as long as those poor kids are not starving to death for lack of food and water.
Are my hearing some kind of "Sour Grapes". What did the Western Blood Suckers did in the Continent over the past 500 years ? They sucked the Land dry with greed and did not respond to the people. To name the major Sinners-Britain, France, Spain, Holland Belgium, Portugal. They are all still raping the Continent.
At least China is not using the Blacks for slavery like the Europeans and Americans did. Africans have been exploited for hundreds of years, robbed by the Whites and I don't see any reason for them to trust the White man again.