China has made significant sacrifices in trying to help African countries lift themselves out of poverty, including the deaths of more than 700 Chinese workers in aid projects, Vice Commerce Minister Fu Ziying told reporters. He said accusations that Beijing’s foreign aid to Africa was targeted at securing resources were “nonsense.” Fu was briefing the press on a report on China’s foreign aid released last week by the State Council Information Office. The report, the first of its kind, said China’s budgeted foreign aid swelled nearly 30% a year since 2004 and totaled 256.2 billion Yuan ($39.2 Bn USD) from 1950 through 2009.
On Vladimir Putin’s first visit to Venezuela, the Russian Prime Minister has offered to help Venezuela set up its own space industry infrastructure and capabilities — including, importantly, a satellite launch site – for the South American nation, thus threatening US Western hemisphere hegemony.
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