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African News

China Offers Zambia Investment Package

Saturday, February 03, 2007 3:42:48 PM
By JOSEPH J. SCHATZ

Chinese President Hu Jintao, left, and Zambian president Levy Mwanawas, on Hu's arrival in Lusaka Saturday, Feb 3, 2007.  Hu's visit to Lusaka is expected to focus on new Chinese aid initiatives for Zambia and the inauguration Sunday of a new economic partnership zone in Zambia's Copperbelt province, which has become a key source of copper for China's growing economy. (AP Photo/Joseph J. Schatz) LUSAKA, Zambia (AP) - Chinese President Hu Jintao on Saturday offered copper-rich Zambia a multimillion dollar investment package aimed at boosting ties with a longtime African ally.

Facing mounting accusations of Chinese exploitation of African labor and resources — an issue during last year's Zambian presidential elections — Hu stressed that Beijing was motivated by partnership rather than purely profit.

"China is happy to have Zambia as a good friend, good partner and a good brother," Hu said at a joint news conference with President Levy Mwanawasa.


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