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Article: African, Chinese companies meet at match-making session.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHARM EL-SHEIKH: Chinese Premier Wen Jiabao pledged $10 billion for investment in Africa at the third triennial Forum for China-Africa Cooperation (FOCAC), topping investments of $7.8 billion in 2008.
On-hand to attend the announcement were Prime Minister Ahmed Nazif and Trade and Industry Minister Rachid Mohamed Rachid representing Egypt, as well numerous African ministers, and over 800 Chinese and African entrepreneurs.
Prior to the announcement, business people mingled in hopes that partnerships would emerge from face-to-face encounters.
When asked about his company's agenda for the conference, Johnny Xu, CEO of Aosheng Hi-Tech Composite ...