From the Communist Party USA’s Peoples Weekly World
With more than 41 heads of state on hand, the Third Summit Forum on China-Africa Cooperation in Beijing, which opened Nov. 3, adopted a multifaceted action plan. Diplomatic exchanges, Chinese cooperation with the African Union and supportive interaction within the United Nations will bolster political ties.
Announcing a $5 billion investment fund, China plans to double economic assistance to the continent by 2009. Tariffs will be reduced, and debt reduction will continue. Over five years, China has canceled $1.4 billion in debts for 31 African nations.
According to the People’s Daily, China is developing plans for widened medical, scientific, environmental and educational assistance as well as expanded tourism and cultural ties.
Chinese President Hu Jintao told the gathering Nov. 4, “Our combined population accounts for over a third of the world total. Without peace and development in China and Africa, there will be no global peace and development.”