Investment from China beneficial to Africa
By Andrew Moody and Wang Chao in Addis Ababa | China Daily | Updated: 2014-01-27 08:23
Ethiopian president says colonial models of assistance are changing
Ethiopian president Mulatu Teshome believes China's investment in Africa will transform the fortunes of the continent.
He equates the role that the Export-Import Bank of China and the China Development Bank play in building infrastructure to that of the Marshall Plan through which US aid to Europe was channeled after the devastation of World War II.
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