Asia

China promises Africa $50 billion over three years

China promises Africa $50 billion over three years

Chinese President Xi Jinping on Thursday pledged more than $50 billion over three years to African countries, including some 50 leaders in Beijing for a summit. The sum, worth around €45 billion, is aimed at strengthening cooperation, particularly in infrastructure and trade, between China, the world’s second-largest economy, and Africa. …

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