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China offers Mozambique, other Portuguese-Speaking States in Africa, Asia US$600Mln aid, loans
8:14 CAT | 11 Oct 2016
File photo / Beijing central business district
The Chinese authorities on Tuesday offered Portuguese-speaking countries of Africa and Asia to provide them with aid and loans worth 4 billion yuan (some $600 million) in aid and loans in the next three years.
On Monday, Chinese Premier Li Keqiang arrived in Macao to participate in the fifth Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking countries that is held on October 10-12.
Li announced the allocation of the aid to Angola, Cape Verde, Guinea-Bissau, Mozambique and Timor-Leste at the opening ceremony of the conference, the Xinhua news agency reported. The official added that Beijing could create a yuan clearing center for Portuguese-speaking countries in Macao, as well as the headquarters of a special fund aimed at cooperation and development between China and Portuguese-speaking countries from Africa and Asia.
The Forum for Economic and Trade Cooperation between China and Portuguese-speaking countries is held since 2003 to promote cooperation between the participants. The previous forum was held in 2013 and gathered together officials from eight countries, namely Angola, Brazil, Cape Verde, China, Guinea-Bissau, Mozambique, Portugal and Timor-Leste.
Source: Sputnik News
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