China and Hong Kong Expand Trade
Beijing and Hong Kong have agreed to expand its Closer Economic
Partnership Agreement (CEPA), allowing mining and exploration companies
from Hong Kong more access to China's resources. The supplementary
agreement signed between China and Hong Kong also includes
liberalisation for Hong Kong-based accounting, architectural, medial
and human resources companies, Reuters writes. The CEPA was first
signed in 2003 and has generated HKD5.1 bn in capital investment in
Hong Kong, Chief Executive Donald Tsang said.
Niger-China Deal Under Scrutiny Last month's USD5 bn deal
between Niger and the China National Petroleum Corp. has been
criticised by human rights groups in Niger. The Network of
Organisations for Transparency and Budgetary Analysis says the
parliament should investigate the deal, as there is a "lack of
transparency surrounding the signing of the contract". The organisation
is demanding clarity on how the USD300m signature bonus would be spent.
China has invested USD30 bn in oil and gas projects in several African
countries.
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