US$1B for region -from China....

[Muadib]

yuh stay deh.. yuh need tuh reserve special treatment for certain people.. like Omar.. yuh cyaan claim seh him represent Jamaica borrowing profile since independence..

Him special..

[Don1]

ANDRE BAGOO Tuesday, September 13 2011

click on pic to zoom in

SMILES ALL AROUND: Vice Premier of The People's Republic of China Wang Qishan (left) and Prime Minister Kamla Persad-Bissessar exchange smiles yesterd...
IN A BOLD declaration of his country’s bold ambitions for the Caribbean region, China’s Vice Premier Wang Qishan yesterday unveiled a suite of measures including a $6.3 billion loan to regional governments, aimed at deepening cooperation between the People’s Republic and the Caribbean.

In an opening address at the Third China-Caribbean Economic and Trade Cooperation Forum, the Vice Premier wasted little time unveiling a series of six concrete steps which his country will take to consolidate its already considerable influence in the region.

Among measures announced to thousands at the Regency Ballroom, Wrightson Road, Port-of-Spain, were:

• a US$1 billion ($6.3 billion) loan to Caribbean countries to support local economic development;

• a $6.3 million (US $1 million) donation to the Caricom Development Fund;

• measures to increase Caribbean exports to China;

• support for the building of seismic and tsunami warning systems as well as 2,500 training opportunities;

• training for doctors and nurses;

• measures to increase tourism flow between the regions;

• the provision of resources to boost agriculture and fisheries;

• support for the development of alternative, small-scale energy projects such as solar power.

The Vice Premier launched these initiatives amid the backdrop of the faltering US-led global economy.

“The underlying impact of the international financial crisis is still lingering and the global economic situation is extremely complex and uncertain,” the Vice Premier told the delegates, which included local ministers and business officials, 13 Chinese ministers and 80 high-level Chinese business officials. “Against such a backdrop, enhancing cooperation in various fields between China and the Caribbean will go a long way in promoting economic development in our respective countries and ensuring world economic recovery.”

Speaking with the aid of an interpreter, he declared the need for the world to embrace China’s rise.

“China cannot develop itself in isolation of the world and the world needs China for its development,” he said. “The comprehensive economic and social development in China will not only benefit the Chinese people but also bring opportunities to the Caribbean and the larger world.”

He assured that, “China will stay committed to the path of peaceful development and steadfastly follow the win-win strategy of opening-up. We will, as always, support Caribbean countries in promoting economic development, improving people’s livelihood, advancing regional integration and playing an active role in international affairs,” he said. Of the $6.3 billion loan, the Vice Premier said, “China encourages exchanges and cooperation between the commercial banks of the two sides.”

“The China Development Bank will set aside US$1 billion to be used as special commercial loans for infrastructural development,” he said. Additionally, “China wants to discuss and sign an investment protection agreement with the Caribbean countries to promote two-way investment.”

The loan and donation, he said, would be first among six areas of assistance.

“Secondly, we will step up capacity building cooperation,” he said. “China will provide no less than 2,500 training opportunities for the Caribbean countries and 30 opportunities with master’s degrees for Caribbean professionals to study in China.” This would be in addition to the efforts to build seismic warning centres.

A third area, he said, would be “exchanges and cooperation with Caribbean countries in such fields as environmental protection and new energies” including solar.

“Fourthly, we will intensify cultural, educational and health cooperation,” he said. “China will build ‘friendship schools’ for Caribbean countries and provide assistance in terms of Chinese language teaching, teachers and textbooks. We will continue to provide scholarships to Caribbean countries and stand ready to negotiate the signing of agreements on mutual recognition of diploma and degrees with Caribbean countries.”

“We encourage schools on both sides to forge sister relationships,” he said. “We will continue to send medical teams to Caribbean countries and provide training for your doctors and nurses.”

Fifthly, he said, China would encourage Caribbean countries to increase their exports to China and diversifying the export mix.

“We encourage Caribbean enterprises to come to China for important exhibitions and trade fairs to promote their products with competitive advantages. Likewise, we also encourage Chinese enterprises to go to Caribbean countries for exports expositions to increase their imports from Caribbean countries.”

Tourism promotions between the regions would be bolstered, he said. In a sixth area, the Vice Premier said China would continue to send agricultural experts to run agricultural and fishery projects.

“China’s Ministry of Agriculture will sign the Common Initiative on Agriculture and Fisheries Cooperation with the agricultural authorities of Caribbean countries and set-up the China-Caribbean Working Group on Agricultural and Fisheries Cooperation so as to promote cooperation.”

Speaking at the same event, Prime Minister Kamla Persad-Bissessar announced that Trinidad and Tobago will set up a trade office at the Trinidad and Tobago Embassy in Beijing. “China’s willingness to tap into the Caribbean market should be seen as an indication of their confidence in this region,” she said. She asked participants to seek to “develop this relationship in a way that will be mutually beneficial for all of us.”

Yeah... wen man ah post fi years bout China tings fi warn unnu seh di werl ah change....suh til unnu try tun pon Don1 wid all kina foolfool imbecilic fawt... tory come to bump now an anedda prophecy start fulfill... an unnu still nuh know di half yet bout dis ting yet... dis ah whey juss publish as "news" ...AKA di tip ah di iceberg

All some ah dem likkle man whey did propagate di foolfool talk ah di fuss one dem fi jump pon di bandwagon

Mi juss haffi laff an seh...aaah bwoy.. di life of a sage aint easy...Not recognized even inna im owna Forum..BUT..

smaddy haffi dweet

[HL]

Omar was a financial dunce. Don't think he knows how to balance his own-a checkbook.

BTW: you well know i am nonaligned:

[Islandman]

Knockout punch dat Willi! LOL!

[Assasin]

Great post HL.

[Muadib]

good.. see if you can be fair...

[Muadib]

yuh shoulda talk loudah suh Pickergill coulda hear.. all now him nuh reach China..

Bobby Stephens still vex...

[Islandman]

LOL!

Next you a go tell we say you were scorned and spat upon like our bredren Jawge did say one time when him come outta the caves.

[Don1]

LOL!

Next you a go tell we say you were scorned and spat upon like our bredren Jawge did say one time when him come outta the caves.

give me time...cyaan vent all at once

[Muadib]

The Jesus complex is instructive..

[Don1]

Den nuh JC run di cut yuteman...is nat coincidence..is divine destiny

[Muadib]

only question is what they are compensating for....

[Don1]

The so called "natives" have never been in control of Jamaica. It's been British Slavers and latterly American & Canadian Traders...supplemented of course by their compliant agents in the political & business elite classes.

Now the Chinese will try to introduce their peculiar form of domination into the matrix..but they have a long way to go to effectively challenge Babylon. This is a mere beginning of a renewed Great Game with a new front being opened in the Western Hemisphere

Just the circular nature of geopolitricks at werk

[Jawge]

Continue in your world of illusions. It's so funny that this world leader won't stop at nothing to steal technology from the US.

Ask them when they are going to bild on their own. You don't understand this matrix.

Bet you were one of those jumping around when the Soviet Union was giving out money. Time will tell.

[Don1]

Now I know why the forum was so refreshing fi ah likkle wile... you were MIA!!!

Now your peculiar brand of illogic resumes it's putrid & corrosive course

My Kingdom for a breath of Fresh Air