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China Africa Relation in Mozambique

  • Africans View China’s Presence on the Continent as Positive

    CHINA, 2016/11/04 The majority of Africans are in favor of Chinese development on the continent, according to a new statement titled “China’s Growing Presence in Africa Wins Largely Positive Popular Reviews” by the Afrobarometer Research Network. “Almost two-thirds or 63 % of Africans say China’s influence in the continent is “somewhat” or “very” positive, while only 15 % see it as somewhat or very negative,” the statement states. Trade between Africa and China has increased from $10 billion in 2000 to $220 billion in 2014. In 2000, China established the Forum on China-Africa Co-operation to drive its strategic engagement with sub-Saharan Africa. Since again, the communist country has been the go-to world economic resource for African nations in need of products and services ranging from infrastructure and telecommunication development, to food outlets, retail shops, and textiles.
  • China pardons outstanding interest on Mozambique’s debt

    CHINA, 2015/12/09 China will pardon outstanding interest to 2015 of Mozambique’s deficit and the interest rate on loans to be granted someday will be reviewed downwards to lower than the current interest, which varies between 1.5 % and 2 %, the President of Mozambique announced in Johannesburg. Filipe Nyusi, who spoke to the Mozambican press at the end of the China/Africa summit, said the move would allow additional support and Chinese investment in the country and better manoeuverability for deficit repayment. At the end of a conference with his Chinese counterpart Xi Jinping, Nyusi as well said that any external funding that Mozambique gets should be used to foster economic development and for strengthening the national business sector and allow for the creation of additional jobs.
  • Trade between China and Mozambique

    CHINA, 2013/01/12 Trade between China and Mozambique amounted to US$1.224 billion from January to November 2012, 42.41 % additional than in the same period in 2011, indicate official Chinese customs figures released in Macau. In the prime nine months of the year China sold Mozambique merchandise worth US$859 million and bought goods worth US$365 million, respectively up 32.86 % and 71.37 % year-on-year.