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4 African Nations Grant China Full Market Economy Status
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China's Vice Commerce Minister Wei Jianguo on Sunday evening signed memorandum of understanding respectively with four African ministers from Algeria, Sudan, the Central African Republic and Sierra Leone on acknowledgment of China's full market economy status.

The four ministers are Algerian Minister of Higher Education and Scientific Research Rachid Harraoubia, Sudanese Minister of Finance Al-Zobeir Ahmed Hassan, Foreign Minister of the Central African Republic Come Zoumara and Foreign Minister of Sierra Leone Momodu Koroma.

They believed that since its reform and opening-up, China has made remarkable achievements in building the market economy system, and therefore, the four governments acknowledged China's full market economy status.

Wei appreciated their acknowledgment. He said Chinese President Hu Jintao has announced China's measures in stepping up cooperation with Africa and China will sincerely implement these plans to help African countries to enhance their own developing capacities.

China is willing to expand economic cooperation with African countries so as to achieve the goal of common prosperity, Wei said.

So far, 13 African countries have granted China the full market economy status.

(Xinhua News Agency November 6, 2006)

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