男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

Room for growth

By Andrew Moody and Wang Chao (China Daily) Updated: 2014-04-14 07:12

Chinese companies face challenging times in West African nation of Gabon

Taking Libreville's main coastal road with palm trees swaying in the Atlantic breeze, one could easily imagine it being an upmarket French resort. Gabon, of which it is the capital, has one of the highest standards of living in sub-Saharan Africa. Its gross national income per capita of $14,090 - putting it firmly in the middle-income bracket - is more than 50 percent higher than that of China's $9,040, according to 2012 World Bank figures.

Room for growth
Chinese firm branches out 

Room for growth

Neither the wealthy ambience of the capital nor the statistics give the full picture, however. Only a minority of the country's 1.5 million citizens enjoy the country's wealth with almost one-third living below the poverty line and 20 percent enduring long-term unemployment.

When you venture inland, the true development state of the country is revealed with no accessible roads and many parts of the densely forested country only accessible by air.

China has had a long association with the country. The late president Omar Bongo visited China 10 times in his 42-year rule. Zhang Dejiang, now chairman of the Standing Committee of the National People's Congress, attended his funeral in 2009.

The new president, Ali Bongo Ondimba, who was elected after his father's death, was educated at the Sorbonne in France and is, however, seen as less Sinophile.

Yet, the two countries have a significant economic partnership. Despite its tiny population, Gabon was still China's 28th largest trading partner in Africa in the first nine months of last year with total trade of $745 million.

Room for growth

In January, the two countries resolved a dispute over future oil rights in the country.

Addax Petroleulm Corp, the biggest overseas subsidiary of Sinopec, agreed a 10-year contract to extract oil at three fields in Tsiengui, Obangue and Autour.

This will deliver to the Chinese company a significant amount of Gabon's output.

The deal ended the prospect of a potential $1 billion legal dispute over future rights in Gabon.

Zhang Yi, chief executive officer of Addax Petroleum, told China Daily in January that the new agreement proved Chinese investment was still welcome in Gabon.

"We have concluded negotiations in a mutually beneficial way. I think this is a sign that our performance has been recognized and Chinese investors have been welcomed by the Gabonese Republic," he says.

The resolution, however, was in contrast to China Machinery Corp's loss of mining rights to the Belinga iron ore deposits in the northeast of the country in December.

The company had acquired the rights in 2006 but they are now expected to go to Australian mining giant BHP Billiton, according to some reports.

Room for growth

Room for growth

Top 10 trading partners of the Chinese mainland

Top 10 overseas travel destinations for Chinese riches

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 宝清县| 辉南县| 张家港市| 肃南| 苗栗市| 左云县| 西丰县| 新巴尔虎左旗| 永嘉县| 德化县| 舒城县| 诏安县| 萝北县| 静安区| 阿城市| 屯留县| 黔南| 和静县| 华蓥市| 阳春市| 隆昌县| 博罗县| 华安县| 高台县| 钟山县| 平和县| 蓝田县| 南昌市| 明水县| 定州市| 乃东县| 明光市| 高唐县| 拜城县| 增城市| 黎城县| 乐安县| 民乐县| 沂南县| 乌鲁木齐县| 土默特左旗|