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China defends Africa, US investment amid tensions

By ASSOCIATED PRESS

NOVEMBER 1, 2010 09:28

BEIJING — China on Monday defended its growing global commercial presence as a source of jobs in Africa and the United States amid tension over control of resources and Zambia's arrest of two Chinese managers who shot miners during a pay dispute.

Chinese companies invested $56.5 billion abroad last year and hired 438,000 workers, many of them in developing countries, Cabinet officials said at a news conference.

"Chinese investors have brought not only capital and technology but also job opportunities and tax revenue," said a deputy commerce minister, Chen Jian.

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