China said yesterday it would not reduce assistance to Africa because of the
international financial crisis.
Premier Wen Jiabao made the remark when meeting with Angolan President Jose
Eduardo dos Santos.
"We will implement the follow-up actions agreed upon during the Beijing
Summit of the Forum on China-Africa Cooperation (FOCAC) in 2006," Wen noted.
President Hu Jintao announced eight measures at the summit for China-Africa
cooperation, including China's pledge to double its assistance to Africa by
2009, provide US$3 billion of preferential loans and US$2 billion of
preferential buyer's credits, as well as establish a development fund of US$5
billion to encourage Chinese firms to invest in Africa. Debt cancellation was
another major measure.
During the past two years, China had increased its aid to African countries,
and made great strides toward debt relief and tariff exemption for African
countries, according to officials.
As for the current international financial crisis, Wen told dos Santos that
China was ready to keep close cooperation with Africannations in the reform of
international financial system.
"We should strengthen our confidence and work together to tide over the
crisis," he said.
Angola had become China's largest trade partner in Africa. Wen hoped the two
nations would expand channels and optimize structure to achieve balanced and
stable growth of bilateral trade.
China encouraged its companies to join in Angola's infrastructure
construction and energy resources exploitation, and also encouraged its
financial institutions to cooperate with the African nation through business,
Wen said.
Echoing Wen, dos Santos said the Chinese business made important contribution
to his country's social and economic progress.
The president hoped that the two nations would work together to offer support
and convenience for the Chinese business to participate more in Angola's
development.
Dos Santos expected more achievement in the win-win cooperation between the
two sides.
China's top legislator Wu Bangguo also met with president dos Santos on
Friday.
Hailing the growth of China-Angola relations, Wu, chairman of the Standing
Committee of the National People's Congress(NPC), China's top legislature, said
the two countries should increase cooperation to push forward the bilateral
ties.
Wu said the NPC was ready to promote exchanges and cooperation in various
levels with Angola's parliament, in a bid to help advance China-Angola
relations.
Dos Santos said his country firmly supports the parliament to make more
cooperation with China's NPC.
The president was here on a four-day state visit at the invitation of Chinese
President Hu Jintao.