Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-485"
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"en.20080422.54.2-485"2
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"Madam President, Commissioner, over the last 10-15 years China has become the most rapidly developing economy in the world, as witnessed by the 10% plus annual increase in its national income. This has led to this country becoming the fourth largest economy in the world, with the world’s largest foreign currency reserves.
Such a rapid development in economic potential means that China is becoming one of the world’s leading trade partners. Over the past 15 years, the value of trade between China and Africa has increased 20 times over. It looks as if the European Union is not in a position to counter this expansion. We therefore need to encourage China to ensure that its economic involvement in Africa includes a social and an environmental aspect, as well as maintenance of democratic standards.
The European Union should keep tabs on China’s expansion in Africa. We do, after all, continue to be the greatest donor to African countries. We should consequently strive to ensure that aid offered to these countries is linked to a significant broadening of trade relations with Africa."@en1
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