China’s strength­en­ing bond

Finweek English Edition - - The main stories this week -

WHAT HAP­PENED| PRES­I­DENT Hu Jin­tao of the Peo­ple’s Repub­lic of China con­ducted a two-day visit to South Africa as part of a tour of eight African coun­tries. The visit cul­mi­nated in the sign­ing of nu­mer­ous agree­ments that will in­crease co-op­er­a­tion be­tween SA and China in var­i­ous ar­eas in­clud­ing fruit ex­ports, health, min­er­als and en­ergy and fi­nan­cial aid.

WHAT THE OTH­ERS SAID AN EDI­TO­RIAL in the Daily Dis­patch said it was ul­ti­mately not about keep­ing China out of Africa. Rather, it was about what we wanted from China be­fore we opened the door when a gi­ant came knock­ing. Busi­ness Re­port wrote: “Hu’s cur­rent tour shows that the Chi­nese put their money where their mouth is. Many African coun­tries have ben­e­fited from sub­stan­tial debt re­lief, credit fa­cil­i­ties and in­vest­ment deals.”

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