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Trade to top China-Africa summit

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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-03-06 05:28 PM
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Trade to top China-Africa summit
As its economy booms, China's drive to buy African oil and other commodities has led to a big increase in two-way trade, worth $42bn (£22bn) in 2005
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Some analysts have said Africa is the only place left to go, as most of the world's other big oil reserves are already being developed by major Western energy companies.
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One of the countries taking part in the summit is Nigeria - Africa's biggest exporter of crude oil.
http://news.bbc.co.uk/1/hi/world/asia-pacific/6112360.stm

see also : http://www.plenglish.com/article.asp?ID={FEFFD6F0-B617-4808-BD54-6B061D8AA6A0})&language=EN

Well - they've gotta use up some of that $900 billion they're sitting on somehow or other.





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