www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 九九精品视频在线观看九九 | 久久精品国产欧美成人 | 国产欧美精品综合一区 | 成人午夜在线观看国产 | 国产成人精品视频午夜 | 三级网站 | 亚洲区精选网址 | 亚洲综合一区二区不卡 | 久草网首页 | 欧美日韩精品一区二区 | 成人国产三级精品 | 欧亚毛片| 毛片视频网站在线观看 | 亚洲三级中文字幕 | a级毛片在线播放 | 欧美视频一区二区三区在线观看 | 久久一本色道综合 | 最近韩国日本免费免费版 | 亚洲欧美精品一区二区 | 国产成人免费手机在线观看视频 | 国产情侣真实露脸在线最新 | 免费观看毛片视频 | 国产午夜久久影院 | 国产主播福利片在线观看 | 免费观看一级特黄三大片视频 | 玖草在线播放 | 成人全黄三级视频在线观看 | 亚洲日本高清成人aⅴ片 | 一级毛片aaa | 欧美另类孕交免费观看 | 免费黄色网址在线播放 | 九九久久久久久久爱 | 欧美人禽杂交狂配毛片 | 99久久精品免费看国产高清 | 欧美特黄一区二区三区 | 欧美 在线 成 人怡红院 | 久久精品99精品免费观看 | 午夜黄色福利视频 | 国产成人毛片精品不卡在线 | 日本韩国一级毛片中文字幕 | 国产日韩欧美一区 |