China's Africa Invenstment News - Good & Bad

The Good News:

China's direct investment in Africa rose 81 percent in the first half year from the same period last year to US$552 million. Chinese enterprises signed US$22.45 billion of new labor service contracts in Africa, up 25 percent year on year, and completed US$11.53 billion of business volume, up 61.1 percent year on year.

The Bad News:

Trade between China and African countries, however, slumped 30.5 percent to US$37.07 billion in first six months because of the global economic downturn, according to a report released by the Ministry of Commerce (MOC) Tuesday.

http://www.lawinfochina.com/News/News_Detail.asp?Id=7626

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Submitted by Wayan Vota on Fri, 08/21/2009 - 12:01
Wayan Vota's picture

Wayan Vota

Inveneo

Wayan Vota is a technology expert focused on appropriate information and communication technologies (ICT) for rural and underserved areas of the developing world. He is a Senior Director at Inveneo and is the editor of ICTworks

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