China Exim values cooperation with Africa

10:01, March 28, 2010      

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The Export-Import Bank of China (China Exim), an international cooperation bank, highly values its commercial ties with Africa, bank governor Li Rougu has reaffirmed.

The ties are developing in line with the Chinese foreign policy towards the continent and the development strategy of African countries, the bank chief told Xinhua in an interview this week.

"China Exim will continue to support the Chinese companies to participate in construction of infrastructure and basic industries which will eventually help to increase the capacity of African countries to develop," he pledged.

Li said China Exim had offered a number of preferential loans to African countries without imposing political conditions, attaching importance to increasing their capacity to achieve sustainable development.

In Africa, China Exim is mostly interested in infrastructure projects for long-term development, he said, adding that the bank also supports efforts to promote cooperation in agriculture, industry and social well-being.

He said China Exim takes into account the particular conditions of an African country when deciding on a funding model, such as the Sudanese model, the Angolan model and the Ethiopian model.

Li said African countries are fascinated by the success and the experiences of China in economic development.

"The Chinese development shows that each country should choose her own convenient model of economic development. The Chinese experiences have pushed African countries to seek their own ways of developing," the China Exim governor said.

Li is a member of a high-level delegation headed by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, on a 10-day African trip to Cameroon, Namibia and South Africa. Jia visited Cameroon on Tuesday and Wednesday.

Source: Xinhua
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