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. …
Read More »Economy: China to cancel 23 loans to 17 African countries
Chinese government announced on August 18 the cancellation of 23 loans to 17 African countries that expired at the end of 2021. During a China-Africa cooperation coordination meeting held on August 18, Chinese Foreign Minister Wang Yi announced that his country will cancel 23 loans to 17 African countries. If …
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