Sunday, April 29, 2012

China invests in South Sudan

From the BBC:
Officials in South Sudan say China has agreed to loan it $8bn (£4.9bn) for major development projects. A government spokesman said funds would be used to build roads, bridges and telecom networks, and to develop agriculture and hydro-electric power. However, there was no mention of plans to build a new pipeline to export oil from the newly independent state.
China has been a big supporter of Sudan, which has been trying to wrest the oil producing areas from the South, and has gotten away with a lot of various genocides because China stops the UN from interfering too much. This sounds like China is now hedging it's bets...

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