Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-23-Speech-3-127"
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"en.20080423.16.3-127"2
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"Mr President, I have a particular interest in this report because in a previous professional life as an academic I looked at both Chinese foreign direct investment, inwards and outwards, and African investment and development.
Looking at the report, and it is actually quite a fair report, I think as EU and Member States of the EU we should welcome Chinese investment in Africa, particularly investment in infrastructure, because investment in infrastructure allows local entrepreneurs and local citizens to create wealth for themselves and to trade their way out of poverty.
At the same time we should also be aware of the Chinese thirst and hunger for natural resources – their sort of resource-seeking motives. We should seek to work with China and to tackle those issues, particularly when dealing with unsavoury governments.
One of my concerns over Chinese policy is the fact that it destroys the EU’s attempts, and other aid donors’ attempts, to offer conditionality or put conditionality on aid. We can suggest all the conditions on aid in order to ensure better governance, but the Chinese come in and destroy that.
Overall it is a fair report and I voted in favour."@en1
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