Download 'Too Hot', an exclusive Specials track from iTunes
CHINA is celebrating the 600th anniversary of the spectacular journeys of Admiral Zheng, a Muslim eunuch who made seven voyages with fleets of 300 ships and 28,000 men that took him as far afield as the shores of Africa.
Today the Chinese are making new journeys to Africa, driven by their almost insatiable appetite for energy and raw materials.
In contrast to the 1960s, when China wooed African nations as part of Chairman Mao’s policy of international revolution and considered itself the Third World’s leader, it is now courting them for their oil. It also wants African support in the United Nations and hopes to lure away those countries that still recognise Taiwan.
Its merchants, tobacco buyers, soybean traders, oil companies, construction workers and diplomats are converging on Africa, and ties have burgeoned since the creation of the Forum on China-Africa Co-operation in 2000.
Earlier this year China scrapped £770 million of African debt and lifted certain tariffs on goods imported from 25 of Africa’s least-developed countries. This week senior African officials are in Beijing to discuss China’s large trade surpluses, but countries with oil to sell to energy-hungry China have few complaints.
The Nigerian National Petroleum Corporation agreed last month to sell 30,000 barrels of crude a day to China. PetroChina International submitted bids for two oil blocks in the 2005 licensing opening this month and has expressed interest in taking over the Kaduna Refinery and Petrochemicals in the event of privatisation.
The state-owned China National Petroleum Company (CNPC) has invested £8 billion in oil projects in Sudan, which accounts for 6 per cent of total Chinese imports. CNPC has sent about 10,000 Chinese workers to build a 900-mile pipeline to Port Sudan on the Red Sea. CNPC has interests in Algeria and is involved in building a pipeline in Libya. Angola has become China’s second-largest trading partner in Africa, based on its role as yet another alternative source of energy supplies.
Africa is also an important source of raw materials, such as aluminium and platinum, and China is the biggest buyer of Zimbabwean tobacco. At the same time cheap Chinese goods are pouring into Africa.
Between 2002 and 2003, trade soared by 50 per cent to $18.5 billion — faster than with any other region of the world — and it is expected to surge to $30 billion by 2006. President Hu Jintao paid a highly publicised visit last year to Gabon, an important oil producer.
African leaders also visit China. Eyebrows were raised at a trip there by the Zimbabwean leader Robert Mugabe, to whom few doors are open. China said that, as an elected president, he is welcome.
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£24,250 - £30,346
MI5
London
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.