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08/08/2004:
"China in Africa: All Trade, With No Political Baggage"
New York TimesBEIJING - A look of satisfaction played on the trade official's face as he reeled off statistics recently from a ministry report about China's booming commerce with Africa.
"Forty African countries have trade agreements with China now," said the official, Li Xiaobing, deputy director of the West Asian and African Affairs division of the Trade Ministry. "We are doing a railway project in Nigeria, a Sheraton hotel in Algeria and a mobile telephone network in Tunisia. We are all over Africa now."
For any doubters, a glance at the statistics indicates that the official's exultation is, if anything, understated. Though starting from a modest base, China's trade with the African continent reached $18.5 billion in 2003, an increase of 50 percent since 2000, and it is on track for another big increase this year.
China's push into Africa is all the more remarkable because it comes when that continent has become the virtual stepchild of the international trade system, a mere footnote - or worse, simply unmentioned in discussions of global commerce.
Beijing's fast-rising involvement with Africa grows out of China's immense and growing need for natural resources, in particular for imported oil, of which 25 percent now comes from Africa.
Lacking the economic and political ties that Western Europe has with Africa as a legacy of colonialism, and the economic power that the United States wields because of its wealth and influence in international financial institutions, China's new leadership under President Hu Jintao has pushed to forge stronger ties. Mr. Hu himself traveled to Africa in January and February, visiting Egypt, Gabon and Algeria. full article
