BEIJING, July 19 (Reuters) - Chinese President Hu Jintao on Thursday offered $20 billion in loans to African countries over the next three years, boosting a relationship that has been criticised by the West and given Beijing growing access to the resource-rich continent.
AverageJoe, you just don't get it do you ??
As I posted on this forum months before (when Pythagoras wasn't too pleased with me), around the time of the deal conclusion, the PRC would announce soft loans and infrastructure assistance for Cameroon and Congo.
This announcment by HU is TIMED (ahead of the Han Long - SDL rather than after the deal - and referring to Africa generally) so as not to seem to have Biya in his pocket.
The Chinese government are loaded but they are very targetted. Right now Cameroon has a lot to offer China in granting it ownership of the next Pibara...LOL !
How much you reckon of the $20B will go to Cameroon and Congo. Guess not much will go to Ethiopia.. LOL!
today's finish, page-40
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