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China to proceed with $9 bln Congo plan

Posted on 04 March 2009

From Bloomberg: China plans to spend $9 billion on mining and infrastructure in the Democratic Republic of Congo and won’t bow to a demand from the International Monetary Fund to alter the accord, the Chinese ambassador to the country said.

China’s biggest single investment in Africa will give Congo roads, railways, hospitals and schools in return for metals worth $50 billion at current prices….. Full Article: Source


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