Search Results for: debt

When Opium Can Be Benign – Economist

The Economist reports on how local officials are finding they can benefit from the presence of temples and other religious institutions in their jurisdictions: Many local governments in rural China are mired in debt. Recent central government efforts to keep peasants happy by abolishing centuries-old taxes have not made life any easier for these bureaucracies. […]

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China’s Hu Pledges $800 Million in Zambian Investment By 2010 – Geoffrey Kapembwa

From Bloomberg.com: Chinese President Hu Jintao pledged $800 million in investments in Zambia’s Chambishi area over the next three years as part of an economic and trade agreement with Africa’s biggest copper producer. “It’s our commitment that we assist Zambia develop the various sectors of its economy, including agriculture, health and education,” Hu told reporters […]

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Obstacles face China’s president on 2nd trip to Africa – Tim Johnson

The Mercury News reports on Hu Jintao’s visit to Africa, his second in nine months: Hu’s first stop is Cameroon, then he heads to Liberia, Sudan, Zambia, Namibia, South Africa, Mozambique and the Seychelles before returning to China 12 days later. Driven by its resource-hungry economy and seeking greater global clout, China is courting African […]

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China Denies Checkbook Diplomacy in Africa – Reuters

From Reuters: China dismissed a Taiwan accusation of buying diplomatic recognition in Africa with $250 million in aid and loans on Tuesday, saying it was like a burglar shouting ‘stop thief!’ Taiwan, which China considers a breakaway province, said Beijing had offered five African nations aid, loans and debt write-offs during recent state visits, highlighting […]

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China Courts Africa With Aid, Projects – Rukmini Callimachi

From AP: China paid for the marble and tile parliament building soaring above the crumbling homes of this former Portuguese colony, and is also promising a dam and a military hospital _ all with none of the political strings Western donors might attach. Intent on cementing ties across Africa, China is active even in impoverished […]

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A Fellow Mammal Leaves the Planet – Robert L. Pitman

From The New York Times: Robert L. Pitman has spent 30 years studying the world’s whales, dolphins and other aquatic mammals. He returned to San Deigo, Calif., last week after a fruitless six-week expedition in which teams of five observers on two vessels scoured the Yangtze River from the Three Gorges Dam to Shanghai, seeking […]

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China Pollution Crisis Undermining Growth – Pan Yue

From Reuters: China faces an environmental crisis that threatens to wipe out much of the gains of three decades of economic growth, one of China’s most outspoken environment officials said in comments published on Saturday. “China is dangerously near a crisis. The country’s enormous environmental debt will have to be paid one way or another,” […]

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