African oil exports to China, only 13% of the total
Africa’s oil exports to China accounted for only 13 percent of its total oil exports, lower than the amounts exported to Europe and the US, which both surpassed 30 percent,
China’s Foreign Minister Yang Jiechi said during a news conference at
the ongoing Third Session of the National People’s Congress,
xinhuanet.com reported.Yang also said China’s investment in Africa’s oil sector accounted for
only 1/16 of the world’s total investment in African oil, which is also
much less than the amount invested by either Europe or the US.China’s relations with African countries entail more than just
cooperation in matters of energy, Yang said, and China always encourages
any other country to cooperate with African countries in the energy
sector based on the principle of mutual benefit.Yang went on to point out that most of the eight measures proposed by
President Hu Jintao in the Beijing Summit of 2006 have been successfully
completed, which has promoted cooperation between China and the
countries of Africa. Premier Wen Jiabao announced eight new measures put
forward by the Chinese government at the ministerial meeting of the
Forum on China-Africa Cooperation in Egypt last November.Relations between China and African countries have entered a stage of
“sound development” and will be more “fruitful” in the future, Yang
said.Source: China Daily
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