The Phaserl


China’s Tentacles Reaching All Over The Globe

by Koos Jansen, In Gold We Trust:

This week Chinese Premier Li Keqiang visits four African nations, Ethiopia, Nigeria, Angola and Kenya, to boost ties with Africa where Chinese direct investments reached $25 billion in 2013, up 44 per cent from 2008, according to the BRICS post. Li will also meet African Union leaders in Addis Ababa, Ethiopia.

Chinese vice-minister for foreign affairs, Zhang Ming, told reporters in Beijing that about 60 agreements will be signed during Li’s trip which ”highlights the great importance we attach to China-Africa relations”. Kenyan President Uhuru Kenyatta has said Li’s visit would be a “game changer” and the region requires “a strong partner who will not only support it in economic ventures but also in peace settlement”. China has increased investments in Kenya; bilateral trade reaching $3.27 billion in 2013. China has become Kenya’s biggest direct foreign investments source.

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