China doubles loans to Africa to $20 billion

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China doubles loans to Africa to $20 billion

Source:Globaltimes.cn Published: 2012-7-19 16:49:00

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	China-Africa ministerial conference kicks off President Hu Jintao announces new measures from China to strengthen cooperation with Africa at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) on July 19.
President Hu proposes measures in five priority areas to boost China-Africa ties Chinese President Hu Jintao proposed measures in five priority areas to boost the China-Africa ties.

Summit Details
Time	July 19 - 20, 2012
Place	Beijing
Agenda	●Review activities implementation from 4th ministerial conference in 2009 ●Examine and adopt the "Beijing Declaration" and "Beijing Action Plan (2013-2015)"
Measures proposed	●First, the Chinese side will expand cooperation in investment and financing to support sustainable development in Africa. ●Second, the Chinese side will continue to increase assistance to Africa to bring the benefits of development to the African people. ●Third, the Chinese side will support the African integration process and help Africa enhance capacity for overall development. ●Fourth, the Chinese side will enhance people-to-people friendship to lay a solid foundation of public support for enhancing China-Africa common development. ●Fifth, we should promote peace and stability in Africa and create a secure environment for Africa's development.
Statistics	●China will provide 20 billion dollars of credit line to african countries. ●China will implement the "african talents program" to train 30,000 personnel in various sectors for africa, offer 18,000 government scholarships, and build cultural and vocational skills training facilities in african countries. ●China will deepen medical and health cooperation with africa, send 1,500 medical personnel to africa, and continue to carry out the "brightness action" activities in africa to provide free treatment for cataract patients. ●China will continue to implement the china-africa joint research and exchange plan to sponsor 100 programs for research, exchange and cooperation by academic institutions and scholars of the two sides.

Voices

	Chinese President Hu Jintao: China and Africa should strengthen political mutual trust, including carrying forward traditional friendship, maintaining the momentum of high-level exchanges, enhancing strategic dialogue, increasing experience, sharing on governance, doing away with external interference and deepening mutual understanding and trust. China will staunchly support African countries in upholding peace and stability and seeking strength through unity. China will play a positive and constructive role in African affairs.
	Chinese Premier Wen Jiabao: I know that our African friends hope China can import more products from Africa with higher added value, diversify sectors of investment in Africa, input more capital, and step up the transfer of technology. The Chinese government has given high importance to the concerns of African enterprises. We are working with African governments to explore effective ways and methods. We have confidence in the future of China-African economic cooperation. We believe the cooperative path will become even broader.
	UN Secretary-General Ban Ki-moon: Even before I became secretary-general, as the minister of foreign affairs of the Republic of Korea, I have been very closely following how China has been cooperating with many developing countries, particularly African countries, this is a great example of South-South Cooperation. African countries can learn from China's experience in its economic growth and social advancement to boost their own development.

	Seyoum Mesfin Gebredingel, Ethiopia's Ambassador to China: Ethiopia is also looking for more opportunities for cooperation with China.		Cheng Tao, Former Director General of the African Division of the Chinese Foreign Ministry: Chinese diplomats more optimistic and confident than ever on Sino-African ties
	Julio Cesar Freire de Morais, Cape Verde's Ambassador to China: Cape Verde is very looking forward to hear new measures.		Liu Guijin, China's Special Representative on Darfur: China and Africa have better understanding.
	Kenyan Prime Minister Raila Odinga: Kenya hopes coorperation with China fruitful.		Liu Youfa, vice president of the China Institute of International Studies: China, Africa strategic partnership moves forward. (Source:CNTV)

View Points

●"New colonialism" targeting China-Africa cooperation untenable
Fact is more convincing than rhetoric. For those who disperse distorted accounts of China-Africa relations or bear a distrustful feeling toward China's endeavor, they might as well give a glimpse of the history of the bilateral cooperation to gain an objective judgment.

●Cooperation keeps China-Africa ties strong
China should show its true image to Africa. The country is not all about glittering metropolises. China is actively improving its ties with Africa but the opportunity for cooperation is not exclusive to China. It brings no benefit to China. A prosperous Africa means more business opportunities.

●China can help keep peace in growing Africa
China is not the ultimate answer to Africa's security challenges, or its wider development aspirations. Instead, solutions lie in the hands of African governments, political leaders and civil society - but how China chooses to involve itself in these efforts can have a substantial impact.

Background

About FOCAC

	Since the FOCAC Beijing Ministerial Conference in October 2000, four ministerial conferences and one summit meeting of the FOCAC have been convened. As an important platform for collective dialogue and an effective mechanism for practical cooperation between China and African countries,FOCAC has greatly boosted the political influence of China-Africa relationship and served as an important driver for China-Africa practical cooperationin various areas.
Mechanisms: Over the past 12 years, FOCAC has instituted a number ofmeeting and dialogue mechanisms at various levels and in different forms, including the Ministerial Conference, political consultations between Chinese and African foreign ministers on the sidelines of UN General Assembly, Senior Officials Meeting (SOMs), and the consultation between the Secretariat of the Chinese Follow-up Committee and the African Diplomatic Corps in China. (Source: People's Daily)

Since the FOCAC Beijing Ministerial Conference in October 2000, four ministerial conferences and one summit meeting of the FOCAC have been convened.

As an important platform for collective dialogue and an effective mechanism for practical cooperation between China and African countries,FOCAC has greatly boosted the political influence of China-Africa relationship and served as an important driver for China-Africa practical cooperationin various areas.

Mechanisms: Over the past 12 years, FOCAC has instituted a number ofmeeting and dialogue mechanisms at various levels and in different forms, including the Ministerial Conference, political consultations between Chinese and African foreign ministers on the sidelines of UN General Assembly, Senior Officials Meeting (SOMs), and the consultation between the Secretariat of the Chinese Follow-up Committee and the African Diplomatic Corps in China. (Source: People's Daily)

Former Summits	Time	Place	Details
	Nov. 8-9, 2009	Sharm el-Sheikh, Egypt	The 4th Ministerial Conference ●The meeting reviewed how the consensus of the Beijing Summit has been implemented. ●It also adopted a Sharm el-Sheikh declaration and an action plan for 2010–2012 to chart the path for further China–Africa cooperation. ●Chinese Premier Wen Jiabao and African heads of state or government from 49 countries attended the opening ceremony.
	Nov. 3-5, 2006	Beijing, China	The 3rd Ministerial Conference ●President Hu Jintao rolled out $5 billion worth of concessionary loans to Africa during the summit. ●As one of the "Eight Measures" for Sino-African relations President Hu announced the creation of the China-Africa Development Fund to further Chinese investment in Africa.
	Dec. 15-16, 2003	Addis Ababa, Ethiopia	The 2nd Ministerial Conference ●Chinese Premier Wen Jiabao attended the opening ceremony and delivered speeches. ●The Conference passed the Addis Ababa Action Plan (2004–2006).
	Oct. 10-12, 2000	Beijing, China	The 1st Ministerial Conference ●Chinese President Jiang Zemin, Premier and Vice President participated in the conference. ●The conference passed the Beijing Declaration of the Forum on China–Africa Cooperation and the Programme for China–Africa Cooperation in Economic and Social Development.(Source: CNTV)

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