Friday, April 22, 2011

CHINA VISITS TUNISIA AND EGYPT

The Chinese have been paying visits to Tunisia and Egypt. Deals are being done. (Website for this image)

What will happen to North Africa?

"Business is booming in Africa thanks mostly to the Chinese."

"In the past two years China has given more loans to poor, mainly African countries than the World Bank."

Chinese in Africa (Economist Blog, April 2011)

By the end of 2010 China had overtaken the US to become Africa’s largest trading partner.

(Africa set for five year China-led boom)



China is ready to increase its investments in Tunisa.

On 21 April 2011, Tunisia's Trade and Tourism Minister met China's deputy Trade Minister in Tunis.

Projects discussed include the building of a 6-star tourist complex and an industrial free-trade zone for the production of household electrical appliances to be marketed mainly in Europe.

A Chinese-Arab Co-operation Forum is be held in China in June 2011.

(China pledges to finance investment projects in Tunisia)


On 20 April 2011, a 40-member delegation of Chinese commerce officials and entrepreneurs, led by the Chinese Deputy Commerce Minister, ended a three-day visit to Cairo

Egypt and China discussed aid worth 9.2 million U.S. dollars.

There is to be technical and economic cooperation; there are to be training programs for government staff; there will be an attempt to expand trade.

The China Development Bank set up a representative office in Cairo in 2009.

1,100 Chinese firms are now registered in Egypt.

China, Egypt Vow to Cement Traditional Ties


China gives money to Africa, while the US drops bombs on Africa.

"Iraq was attacked because of oil, and Libya is also being attacked for its oil," said the overseas edition of China's People's Daily.

The Chinese seem more intelligent than the Yanks?

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