China-Africa Summit to boost trade
EGyPT: Leaders from China and Africa start a three day summit on
Sunday that will again throw the spotlight on Beijing's strategic sweep
for energy, minerals and political influence in the continent.
China has over the past decade paid for dams, power stations,
football stadiums across Africa and scooped up copper, oil and other
fuel for its breakneck economic expansion from Algeria to Zimbabwe.
It has invested billions of dollars while raising eyebrows in the
United States and its allies by pursuing the hunt for oil and other
resources in Sudan, Somalia and other nations that the West has shunned.
Many African leaders praise China however for not preaching about
rights and corruption. So despite neo-colonialist qualms, Chinese
Premier Wen Jiabao can expect a warm welcome from Egypt's President
Hosni Mubarak and finance and foreign ministers from 50 countries when
the Forum on China-Africa Cooperation starts on Sunday. Thursday, AFP |