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China to reinforce economic ties on Algeria visit

Chinese minister leaves SLeone after loan accord
Freetown (AFP) Jan 10, 2010 - Chinese Foreign Minister Yang Jiechi ended a one-day visit to Sierra Leone Sunday after signing a loan agreement with the West African state for nine million dollars for Chinese projects. Yang, who was given a colourful welcome ceremony, said before his departure: "China will stand by SierraLeone at all times." He said he had also noted Sierra Leone's request for help in the construction of a new international airport of a number of hydro projects. Sierra Leone's Foreign Minister Zainab Bangura said the "cornerstone" of good ties between the countries was agreement on the "one China policy", which says that Taiwan and other territories are part of mainland China. "The one China policy also reflectsin the government's stand for Tibet which is historically and geographically a part of the national territory of China," the minister added. The Chinese minister was due to continue his tour of Africa in Morocco.
by Staff Writers
 Algiers (AFP) Jan 10, 2010
 China's Foreign Minister Yang Jiechi arrived Sunday in Algiers on the next stop of his Africa tour, planning to reinforce economic ties between the two countries, Algeria's foreign ministry said.

During his 48-hour visit, when he will also meet his Algerian counterpart, Yang will sign with Algeria a protocol on economic cooperation and an agreement on judicial mutual assistance for civilian and commercial affairs.

Algiers and Beijing have been building economic relations over the last decade, with Algeria launching two economic revival plans in 2001 and 2005 to develop and modernise its basic infrastructure and housing.

In 2009 commercial trade between the two countries reached 4.46 billion dollars (3 billion euros), an 8.8 percent increase from 2008.

Chinese investment in Algeria grew to 900 million dollars (625 million euros), according to the Chinese embassy in Algiers.

Approximately 30,000 Chinese currently live in the North African country.

Last year, dozens of Chinese traders clashed with local shopkeepers in the Algerian capital after a heated exchange between an Algerian storekeeper and a Chinese businessman.

Chinese traders who sell goods at cut throat prices have sparked growing local resentment.

Yang has already been to Kenya, Nigeria and Sierra Leone on his African tour, and is due to continue on to Morocco.


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