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In trade, investment and development assistance news this week, China signs a construction contract with the Tanzanian government to build a cardiac surgery treatment and training center in Dar es Salaam, and funds a car plant in Angola.

Standard Bank is working on deals in Africa with its Chinese partner in mining, oil and gas and infrastructure as part of its drive into emerging markets, Chief Executive Jacko Maree said on Friday.

China has signed a construction contract with the Tanzanian government to build a cardiac surgery treatment and training center in Dar es Salaam, capital of Tanzania.

China’s outward investment expansion in South Africa was only beginning, according to Kobus van der Wath, the founder and group managing director of the consultancy The Beijing Axis.

China's largest nickel producer Jinchuan Group Ltd. will take over Zambia's sole nickel mine Munali next month after the operations were suspended in March due to low nickel prices, the mines minister said on Wednesday.

Angola plans to begin producing cars next month through a venture funded by a Chinese fund and based on technology from Japan’s Nissan Motor Co.

The growing outreach of Chinese national oil companies (NOCs) has stoked concerns that Beijing is maneuvering to lock up global energy assets.

The International Monetary Fund could further revise up its growth forecast for Africa next year to reflect a pick-up in demand in China and some industrialized countries where there are signs of recovery.

No matter from which angle you look at it, however, SA wines are promoted too irregularly in China, if at all, and for the most part China's burgeoning middle class has little inkling that our country produces any wine, never mind being a source of excellent wines.

Mr Dai Shu, Vice-President of ZTE Shanghai, manufacturers of telecommunication equipment, has explained that the success of Chinese companies in the face of the world financial crisis was due to the strong support of the government and financial institutions.

Canadian company MagIndustries’ early-stage efforts to develop rich potash supplies in Central Africa has already attracted the attention of the world’s fastest-emerging industrial nation, China. The company announced plans just last month that it was in preliminary negotiations with an unnamed Chinese multinational that may buy a large share position with a current valuation of up to Cdn. $280 million.

Where the West sees risk, China sees opportunity. Africa has provided the highest return on foreign direct investment of any region in the world with an average of 31 percent for two years straight, said a report released at the 2008 U.N. Conference on Trade and Development.

The China Development Bank Corporation’s China-Africa Development Fund plans to raise $2 billion by November to promote business alliances between China and Africa.

China is amongst the most important contributors to the development of African infrastructure, namely its roads, railways, dams and bridges, hospitals and schools. The latest in its endeavors is the deal with Ethiopia to build roads in this East African country. The well known state owned infrastructure company, China Road and Bridge Corporation will construct the 80 km highway connecting the country’s capital, Addis Ababa to Nazareth, a city in the heart of the country.

Government has signed a US$3.6 billion investment Promotion and Protection Agreement (IPPA) with a Chinese private mining company.

CNOOC Ltd. and Sinopec Corp. have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China’s persistent attempts to acquire resources for its economic expansion at a time of weakness for many Western oil majors.