By Joe McDonald, ASSOCIATED PRESS, November 4, 2006 – BEIJING – President Hu Jintao today opened a summit with dozens of African leaders by pledging to double China’s aid to Africa, provide billions of dollars in loans and build hospitals and schools as it tries to expand economic and political ties.
China is trying to present itself as a partner in Africa’s economic and social development as it turns to the continent for new sources of oil and export markets to drive its booming economy. “Without combined development between China and Africa, there will be no global peace and development,” Mr. Hu said in a speech to leaders at the Great Hall of the People, the seat of China’s parliament. “In this new era, China and Africa share increasing common interests and having growing common needs.” (Read the rest of this article on The Washington Times).
See also Africa’s development.