China offers Africa more trade and investment

    
Beijing, Nov 7 (AP) China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published today.

The proposals outlined by Chinese Commerce Minister Chen Deming come ahead of a summit tomorrow and Monday between Chinese and African leaders in the Red Sea resort of Sharm el-Sheikh. The meeting follows a landmark 2006 summit in Beijing that catapulted China's hunt for oil, minerals and other raw materials in Africa and brought Africa Chinese investment in infrastructure and other projects.

Chinese investments in Africa totalled USD 7.8 billion as of last year while trade has rocketed 30 percent annually this decade, exceeding USD 100 billion last year, Chen said in an essay published in the state-run China Daily newspaper.

- (Agencies)
Nov 07, 2009

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