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l(f)rg:2020-03-26 Դ: ӛȫ c

Chinas purpose in encouraging its enterprises to invest in Africa is to help improve the self-development capability of African countries, Chinese Premier Wen Jiabao told a press conference in Egypt on June 19, countering accusations against China of practicing neo-colonialism in Africa.
Wen, who was on a seven-nation Africa tour, continued that China deeply appreciates the support of African countries and added that the development of friendly relations between China and Africa will not harm the interest of any other country.
This year marks the 50th anniversary of the establishment of diplomatic relations between China and African countries. Wens trip, which took him to Egypt, Ghana, the Republic of Congo, Angola, South Africa, Tanzania and Uganda, is regarded as an important diplomatic follow-up to Chinas first African policy paper issued early this year and President Hu Jintaos visit to Africa in April.
According to the Chinese premier, China has been developing relations with Africa based on the principles of mutual benefit and non-interference in Africas internal affairs. These relations, both economic and political, have been developed and consolidated over the past 50 years.
The total trade volume between China and Africa rose to $39.7 billion in 2005 from a mere $12 million in 1956. Africas trade surplus with China was $2.4 billion last year. By the end of 2005, Chinas direct investment in Africa reached $1.18 billion.
China has already forgiven over 10.5 billion yuan of debt of 31 most heavily indebted and underdeveloped countries in Africa and given zero-tariff treatment to 190 commodities exported to China by African countries.
The Africa visits this year, first by the Chinese president and now by the premier, demonstrate that Sino-African ties are high on Chinas diplomatic agenda.
Wang Yingying Researcher with the China Institute of International Studies
Chinese products will not provide competition to local products-actually, low-priced Chinese commodities promote the purchasing power of African residents. Meanwhile, China brings investment to Africa, while developed countries fear investing in Africa.
Le Monde newspaper

It is not true [when] some say our missile test-firing is a violation of the moratorium, because we had placed a temporary halt on missile firing when talks were being held to improve relations with the United States and Japan at that time.
North Koreas UN Ambassador Han Song Ryol on his countrys plan to test fire a long-range missile
Were going to lose an icon, but the company is going to gain a chief software architect.
Technology analyst Rob Enderle, commenting on Microsoft co-founder Bill Gates decision to step down from his day-to-day responsibilities at the firm
China is an attractive telecom market, with growth in both quantity and quality.
Kim Shin Bae, Chief Executive Officer of South Koreas SK Telecom, on buying $1 billion worth of bonds in China Unicom
Today, Americas diplomacy is on track, it is stronger than ever, and that is due in no small part to Bob Zoellick.
U.S. Secretary of State Condoleezza Rice, on the resignation of her deputy to enter the private sector
The government is worried that overseas investment is bringing too much foreign currency into China and that it will cause property bubbles. But people are buying because they see real growth prospects and real returns from Chinese real estate.
Liu Yang, fund manager at Hong Kong-based Atlantis Investment Management Ltd., on Chinas reportedly soon-to-come restrictions on the purchase of real estate by foreign investors

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