EGX ends week in green area on 23 Oct.    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt, EU sign €75m deal to boost local socio-economic reforms, services    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt joins EU's €95b Horizon Europe research, innovation programme    Oil prices jump 3% on Thursday    Egypt steps up oversight of medical supplies in North Sinai    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    Inaugural EU-Egypt summit focuses on investment, Gaza and migration    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Egypt's non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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China sees Egypt as gateway to Africa
Published in Bikya Masr on 03 - 01 - 2010

CAIRO: Straddling Asia and Africa with a coastline facing Europe, Egypt has long been at the center of cultural and economic exchange between the East and West. These days, exotic spices have been replaced by denim jeans and caravansaries have turned into sprawling free trade zones in the vast Sahara Desert. China, the Asian economic powerhouse, has rediscovered the millenniums-old trade routes leading to Africa and hopes this economic cooperation can bring increased prosperity to both parties.
In November, a Chinese delegation, headed by Premier Wen Jiabao, traveled to Sharm El Sheik to meet with African counterparts for the fourth Forum on China-Africa Cooperation. The draft action plan produced by the meeting focused on promoting economic interaction and increased development aid for Africa.
This meeting marks the tenth anniversary of strategic cooperation between Egypt and China. Egypt was both the first Arab and African country to establish such a relationship with the Asian nation based on their, “cordial friendship and mutual assistance,” according to Wen. Chinese. Leaders from both nations like to highlight their similarities: ancient civilizations that are now large, developing nations, shared ideas of state sovereignty, economic development and “democracy of international relations,” according to Chinese Foreign Ministry documents.
By addressing shortfalls in transportation, energy and communications infrastructure on the continent, China hopes to open new markets for investment in agriculture, infrastructure and other industries.
In one such project, China is working to advance the construction of an economic and trade zone in Suez. This project would allow greater investment by Chinese companies in Egypt and facilitate trade between the two nations as a means of combating the global financial slowdown.
Trade between the two nations totaled $6.2 billion in 2008 with the lion’s share, $5.8 billion, coming in the form of Chinese finished and manufactured goods to Egypt. Exports heading to China are mostly comprised of raw materials, such as cotton, marble and petroleum products, and saw a 79 percent increase in 2008.
However, China’s role on the continent is not limited to economic investment. Measures announced at the summit include projects for the whole of Africa aimed at, “improvement of people’s well-being, health care, education and other social development programs, the construction of agricultural and basic infrastructures, and the protection of eco-environment,” said the Chinese Premier after the summit.
China also announced that it will not cut aid to African nations in spite of the current financial downturn and backed up its pledge with a plan to give $10 billion in loans to support African countries.
While some have alleged that Chinese aid in Africa amounts to a form of “neo-colonialism” aimed at exploiting the continent’s natural resources and providing a market for Chinese goods, officials refute this claim. They point to China’s assistance in building schools, hospitals and transportation projects on the continent.
Officials also highlight that China provides a growing market for African goods with the total trade volume doubling since 2006 to over USD100 billion. The Chinese Premier assured the international media, “our assistance to and cooperation with Africa is selfless and has no political strings attached.”
The economic giant, which many hope to be the engine of economic salvation in this current world crisis, also promotes robust cultural ties in Africa, and in Egypt particularly. The two nations exchange over 1,000 university students each year with four universities in Cairo open to students from China. Additionally, over 8 million Chinese tourists visit Egypt’s ancient monuments and Red Sea resorts each year.
In February 2010, the Chongqing Symphony Orchestra will come to Egypt as part of Chinese New Year celebrations, playing at the Cairo Opera House and other theaters throughout the country.
Meeting Egyptian President Hosni Mubarak, Wen remarked, “I feel at home when I am in Egypt.” As Chinese investment in Egypt and aid to Africa increases, the Asian nation’s presence will become much less foreign.
Reviving and strengthening the old trade routes connecting China with Africa will bring increased cooperation and cultural understanding between Beijing, Cairo and the rest of the continent.
** This article was originally published December 2, 2009.
BM


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