Monday, November 13, 2006

African science to benefit from China trade deal - SciDev.Net

African science to benefit from China trade deal - SciDev.Net:

"China will help African countries build ten agricultural science centres, establish 100 hospitals, and will send 100 Chinese agricultural technicians to Africa.

By 2009 the Chinese government will double the number of African students on its annual scholarship scheme for study in China to 4,000.

On aid, China pledged to spend 300 million yuan (US$37.5 million) on artemisin-based anti-malaria drugs, malaria treatment and anti-malaria clinics for Africa over the next three years, and said it would double its overall aid to Africa by 2009.

China will also promote more cultural and scientific exchanges with African countries, Hu told the summit.

The Chinese government plans to offer US$5 billion in low-interest loans and credits to Africa and establish a China-Africa development fund of US$5 billion over the next three years.

Chinese enterprises investing in Africa will be able to apply for loans from this fund. Hu also promised to exempt the debts of the least developed African countries."

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