China’s Hu Seeks to Reassure Africans on Exports – Craig Timberg

From The Washington Post:

Chinese President Hu Jintao on Wednesday sought to reassure Africans that his country’s aggressive investments in oil, copper and other natural resources do not amount to a new wave of colonialism, saying China would “not do anything harmful to the interests of Africa and its people.

“Hu’s comments, made in Pretoria on the sixth stop of an eight-country tour of the continent, came amid rising anxiety that China’s economic power is strangling African manufacturing while locking up vital resources for years. Despite massive Chinese purchases of oil from Angola, Sudan and Nigeria, the flood of finished goods to Africa has caused a large trade imbalance. [Full Text]

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