 China’s Economic Relations with Less Developed Countries: 1950–1976Suzanne Paine Chapter 9 in Economic Relations between Socialist Countries and the Third World, 1977, pp 208-261 from Palgrave Macmillan Abstract: Abstract On 14 July 1976 the 1162 mile-long Tanzam railway was officially handed over to the Tanzanian and Zambian governments after nine months of successful trial operation. During this time it had already carried 159,000 tons of copper and zinc from Zambia, 130,000 tons of grain, chemical fertiliser, steel products and machinery to Zambia, 100,000 tons of railway building material and 250,000 passengers. The foreign costs of the project were financed by an interest-free loan of $401 million in addition to which the Chinese gave the Tanzanians a grant of 106 million yuan in July 1976.1 The local costs were financed by proceeds from sales of Chinese commodities by local state-owned corporations, mainly consumer goods, thus avoiding the need for any local budgetary allocation.2 The labour-intensive construction methods used generated employment for as many as 40,000 Tanzanians alone, while after its completion, 10,000 Tanzanians and Zambians were occupied in running it.3 Keywords: Recipient Country; Socialist Country; Primary Commodity; Chinese Export; Chinese Trade (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03293-8_9 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-03293-8_9 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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