China most concerned with resources

Published October 23, 2009 by TNJ Staff
African and Caribbean

An African Union official is accusing Chinese investors of overlooking bad governance while doing business in Africa.

Trade expert Festus Fajana’s comments come more than a week after officials in Guinea announced a $7 billion deal with a Chinese company.

Guinea has come under intense international criticism since soldiers in the West African nation fired on tens of thousands of pro-democracy demonstrators in September. A human rights group says 157 people were killed.

At a business summit Thursday, Festus said officials want Chinese investors to consider social and environmental concerns in their business deals.

Africa’s trade with China reached more than $100 billion in 2008 and has multiplied by 10 since 2001.

Copyright 2009 The Associated Press.

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TNJ Staff