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« CFS Global Asset Management flags new infrastructure fund | Main | AES faces uncertainty under Chavez nationalization threat »

January 11, 2007

China Takes on the World

Source: Time Magazine

By MICHAEL ELLIOTT

The railroad station in the Angolan town of Dondo hasn't seen a train in years. Its windows are boarded up, its pale pink façade crumbling away; the local coffee trade that Portuguese colonialists founded long ago is a distant memory, victim of a civil war that lasted for 27 years. Dondo's fortunes, however, may be looking up. This month, work is scheduled to start on the local section of the line that links the town to the deep harbor at Luanda, Angola's capital. The work will be done by Chinese construction firms, and as two of their workers survey the track, an Angolan security guard sums up his feelings. "Thank you, God," he says, "for the Chinese."

Full story...

Posted by pichu at January 11, 2007 2:44 PM