The Future Is Made In China

Posted on Monday, November 13 at 10:05 by 4Canada
This gigantic metropolis of 25 million seemed destined to become the world’s new capital city — provided China’s economy, still surging at over 10% per annum, remains strong, and political stability continues. Beijing’s massive new skyscrapers, huge government blocks, broad, traffic-clogged avenues and miasma of smog and dust give it the look of an imperial capital in a science fiction film. Last week Beijing staged a grandiose summit for 48 African leaders who received $10 billion in aid from China’s new leader, President Hu Jintao. Energy-voracious China now gets 30% of its oil from Africa. Angola just passed Saudi Arabia as China’s leading oil supplier. China is bent on securing the lion’s share of Africa’s supplies of oil and other strategic resources. China-Africa trade has surged 30% to $50 billion in 2003. [Proofreader's note: this article was edited for spelling and typos on November 14, 2006]

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