三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 日批视频在线 | 五月婷婷综合在线视频 | 免费毛片无需任何播放器 | 三级毛片免费 | 午夜精品久久久久久久 | 成人h视频在线观看 | 国产激烈无遮挡免费床戏视频 | 亚洲制服丝袜在线播放 | 香蕉视频美女 | 99久久99久久精品国产片果冻 | 特黄特a级特别特级特毛片 特黄特色一级aa毛片免费观看 | 久久久久国产免费 | 日韩久草 | 亚洲综合自拍 | 好吊色综合网天天高清 | 四色在线 | 国产麻豆视频在线看网站 | 国产高清视频 | 一区精品麻豆入口 | 久久精品亚洲热综合一本奇米 | 欧美黑人一级做a爱性色 | 沟沟人体一区二区 | 女人帮男人橹的视频网站 | 国产美女亚洲精品久久久毛片 | 亚洲欧洲第一页 | 亚洲一级毛片在线播放 | 亚洲xxxxxx| 真人一级毛片国产 | 特黄一级大片 | 麻豆国产精品入口免费观看 | 精品国产亚洲一区二区三区 | 三区在线视频 | 婷婷在线视频国产综合 | 大陆黄色一级片 | 国产在线h视频 | 一本久道久久综合多人 | 亚洲视频不卡 | 亚洲午夜久久久久影院 | 亚洲爱爱网站 | 日韩免费精品一级毛片 | 国产精品久久久久久久久齐齐 |