DEVELOPMENT:  China Outdoes Europeans in Congo
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BRUSSELS, Feb 8 (IPS) - The massive deal that China signed with the  Democratic Republic of Congo last year is not the "second  colonisation" that some Europeans allege it is. The agreement  appears, in fact, a promising way to kick-start an economy.
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SAN FRANCISCO, DECEMBER 23: China took centrestage in 2004 as an economic star to reckon with for many years to come. Ravenous for imports, China gulped huge amounts of raw materials, steel, farm produce and more.
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China has the world's largest population and one of the world's largest economies. Now it will get a massive virtual universe to match.
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Its largesse may still help prop up the economies of some of the continent's poorest countries but Taiwan is being slowly squeezed out of Africa as mainland China's presence grows ever stronger.
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China has surpassed Japan to become the world's No.2 spender on research and development, behind the US.
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Cultural heritage lessons help the Chinese join the world economic scene without completely absorbing Western cultural values.
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Selling shoes in the sweaty afternoon air of a West African market, Ousman Ka owes his job to China &#151; or, more precisely, to Lu Hui, the wrinkle-faced Chinese man in the blue sweater vest sitting behind him.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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At a bend in a tributary of the Congo River, dirt-poor villagers pan for the shiny stones that have proved as elusive as they are rare -- diamonds. Hundreds stake claims hoping to strike it rich in this, the fourth-largest diamond-producing country in the world. But what these villagers may not know is that diamonds, according to experts, have indirectly fueled some of Africa's dirtiest wars.
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The pace of Chinaâs economic development is still strong enough to keep pushing up prices around the world for everything from oil to iron ore to freight shipping.
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Foreign firms are lining up to invest in China. But Beijing seems increasingly loath to let them in
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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GUANGZHOU, China Few business executives watch the growth of the Chinese economy as closely as Michael Smith, the chief executive of Hongkong and Shanghai Banking.
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Russia set its sights on Africa several centuries later than other European countries. But it no longer wants to miss its chance.
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At the World Economic Forum, aid to the devolping world took center stage--and China remained a mystery
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China and India's growing trade and investment in Africa is spurring African economies, says a World Bank report.
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Chinese President Hu Jintao is in Africa bearing the usual gifts of money for soccer stadiums and interest-free loans. But he also has brought a new recognition of the downside of China's aggressive quest for the continent's resources.