. Space Travel News .




.
TRADE WARS
Chinese foreign minister hails Africa as 'golden ground'
by Staff Writers
Windhoek (AFP) Jan 5, 2012


Chinese Foreign Minister Yang Jiechi on Thursday hailed Africa as a "golden ground" for foreign investment, and vowed to work with Chinese firms to ensure they comply with local labour laws.

"Africa is a fertile place for foreign investors and it is a golden ground for Africa to attract foreign investors, especially for infrastructure which is the blood and muscle of a country," Yang said during a visit to Namibia.

Yang spoke after meeting with his Namibian counterpart Utoni Nujoma in Windhoek, on the last leg of an African tour that also took him to Niger and Ivory Coast.

China has aggressively moved into African markets, tapping into natural resources to fuel its own economy but also taking a major role in building roads, bridges and other infrastructure across the continent.

The arrival of Chinese companies and workers has sometimes stirred conflict with locals, with Namibians complaining that some Chinese firms fail to respect the minimum wage and other labour laws.

"I am not saying every Chinese company here behaves in a perfect way. If not, I hope Namibia tells us and we do our best to solve it," Yang told reporters. "We told our companies to adhere to laws here."

After their 90-minute talks, the two ministers signed a technical cooperation agreement that included a 20-million-renminbi ($3.2-million, 2.5-million-euro) loan for projects that Namibia can decide upon later.

Yang started his five-day African tour on Monday to visit Niger and Ivory Coast before arriving in Namibia late Wednesday. It is his first visit to Namibia.

Last month China and Namibia signed a deal on animal health, which will allow Namibia to export fish and beef to China later this year, and Chinese firms have also sought greater stakes in uranium mining here.

China has in recent years expanded its aid to Namibia, building roads, schools and hospitals in remote areas, although the costs are not made public.

According to latest figures from the Business Journal of the Namibia Chamber of Commerce and Industry, 27 Chinese state companies are active in Namibia in construction, mining, engineering, information technology and financial services.

According to a World Bank report last month, about 35,000 Chinese nationals live in Namibia. The country has a population of about two million.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
China hikes pay amid labour shortages, unrest
Shanghai (AFP) Jan 5, 2012
China is raising minimum wages in some key cities and provinces as local officials try to combat labour shortages and growing worker unrest. The southern city of Shenzhen, a major manufacturing centre on the border with Hong Kong, will raise its minimum wage by nearly 14 percent to 1,500 yuan ($238) from February, according to a local government statement. Authorities in the capital Beij ... read more


TRADE WARS
Orbcomm and SpaceX Improve Launch Plans for OG2 Satellites

Orbcomm Prepares For Launch Of Second AIS Satellite

Arianespace Completes 2012 With Soyuz Launch Partner Mission For Globalstar

Soyuz poised for Globalstar second-generation satellite launch at Baikonur

TRADE WARS
Mars Rover Opportunity Positioned at Candidate Site for Winter

Arvidson To Be Participating Scientist on New Mars Rover

Wheel Passes Checkup After Stalled Drive

Meteorite Shock Waves Trigger Dust Avalanches on Mars

TRADE WARS
NASA's Twin Grail Spacecraft Reunite in Lunar Orbit

Two NASA probes both in lunar orbit

Lockheed Martin Helps Nasa Place Two Spacecraft Into Lunar Orbit

First of NASA's GRAIL Spacecraft Enters Moon Orbit

TRADE WARS
SwRI researchers discover new evidence for complex molecules on Pluto's surface

New Horizons Becomes Closest Spacecraft to Approach Pluto

Pluto's Hidden Ocean

Is the Pluto System Dangerous?

TRADE WARS
New Exo planets raise questions about the evolution of stars

Astronomers discover deep-fried planets

Two new Earth-sized exoplanets discovered

NASA Discovers First Earth-Size Planets Beyond Our Solar System

TRADE WARS
First J-2X Engine Rockets Through First Round of Testing

Vega to fly ESA experimental reentry vehicle

NASA Takes Next Step In Developing Commercial Crew Program

Industry Leaders Discuss New Booster Development for Space Launch System

TRADE WARS
Getting ready for challenges of space

China issues white paper on space exploration

China makes rapid progress, breakthroughs in space industry: white paper

China to launch Shenzhou-9, Shenzhou-10 spacecraft next year: spokesman

TRADE WARS
Christmas Comet Lovejoy Captured at Paranal

Dawn Obtains First Low Altitude Images of Vesta

Comet Lovejoy Plunges into the Sun and Survives

Using many instruments to track a comet


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement