Sunday, August 09, 2009

HILLARY CLINTON IS THREE YEARS TOO LATE!!

The news Sunday is about Secretary of State Clinton talking to the leaders of Angola regarding an oil deal.The problem is she is three years too late!
China has already been there and invested heavily in the exploration and production of crude oil. They made the big investment in June of 2006 as this article in the BBC news will illustrate.

"As Chinese Prime Minister Wen Jiabao visits Angola, the BBC's Piers Scholfield examines what links the two nations.

One of the worst of the countless conflicts that has blighted Africa in recent times is that of Angola.


Most Angolans haven't seen the benefits of the oil billions

But a peace deal signed four years ago - and huge oil reserves - are now giving the Angolans hope as the country tries to rebuild its devastated infrastructure.

Recently China, scouring the globe for raw materials to feed its booming economy, has been drawn to Africa as an abundant source of minerals, and has started investing heavily in countries like Angola.

Africa, however, has been here before - and ended up as the victim.

Ever since its first contacts with western powers, the continent been plundered for its manpower and resources.

And until now it has had little to show for it, except phenomenal debts and rampant poverty.

But now there is a tangible air of optimism about the future.

Chinese revolution

An oil boom, set to see Angola overtake Nigeria as the continent's biggest oil supplier, is pouring billions into the government's coffers.

The Afro-China relation is a win-win one. China is more pragmatic than the Western world

China and Africa: Who benefits?

The country's national budget has recently almost doubled - from $13bn (£7bn) to $25bn.

China is at the forefront of this revolution.
In the rush for resources, China has no qualms about dealing with countries that the west has criticised or shunned, such as Zimbabwe and Sudan.

China says it has a strict policy of non-interference in other nations' affairs.

It won't tell the countries it deals with what to do and vigorously defends its policy in Africa.

"Sudan is a sovereign country and I'm sorry that we do not develop relations according to US or UK or any other country's instruction," said Zhou Yuxiao, chargé d'affaires at the Chinese embassy in South Africa.

"Developing normal relations with a country does not mean that we approve every policy of that nation."


Angola's colonial legacy lives on in some of its buildings

He went on to say that China was doing a great deal to help African countries such as Angola.

"We are cancelling debt owed by the least developed countries, building more schools and hospitals.

"We have brought and will continue to bring great opportunities to all parts of the world including Africa."

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