China offers 'sincere' aid to Africa



In holding off accusations made at China’s self-serving interests in Africa, Chinese Premier Wen Jiabao, at the opening session of the African Development Bank’s Annual Meeting, which was held for the first time in Asia, reiterated his country’s commitment to furthering development in Africa: “We are truly sincere in helping Africa speed up economic and social development for the benefit of the African people and its nations.” Wen also firmed up President Hu Jintao?s promise at last November’s Beijing Summit of the China-Africa Cooperation Forum to double Chinese aid to Africa by 2009 and to create a $5 billion development fund, saying “we will fully deliver on our statement and we are working with African countries to implement these measures.” Since its entry to the AfDB in 1985, China has funded 14 projects in eight African countries valued at $314 million. It has forgiven CNY10.9 billion ($1.42 billion) of African debt and plans to issue another CNY10 billion ($1.3 billion) of relief.

Sources:
China sincere in helping Africa to develop-Wen (Reuters)
China to continue assistance for African countries (Xinhua)

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