2024-09-05 17:55:08
China
Politics
Business
Africa: A Billion-Dollar Promise from China
Image courtesy of : AFP (ADEK BERRY)
Related news on that topic:
The press radar on this topic:
Kinh doanh - VnExpress
Economy
Politics
China will invest 360 billion yuan ($50.7 billion) in Africa over 3 years, funding 30 infrastructure and 30 clean energy projects, creating 1 million jobs. China also pledged 280 million USD in aid and to buy 300 billion USD in African goods, while seeking to boost road, maritime, and nuclear technology cooperation, marking a shift from domestic infrastructure to exporting green technology, as China provided $4.61 billion in loans to Africa last year.
Diplomacy - South China Morning Post
Security and finance headline China’s pledges to Africa at FOCAC Summit
Politics
Finance
Economy
At the FOCAC Summit, China pledged wider market access, billions in new financing, and a more active role in Africa's security. Beijing committed 360 billion yuan in new financing, pledged to bankroll green energy, connectivity, and livelihood-improving projects, train thousands of military personnel, and share its governance experience with Africa. China also promised to unilaterally exempt 33 of Africa's less-developed countries from import tariffs, and positioned itself as the leader of the..
noz
China's Silent Offensive: How Beijing is Expanding its Influence in Africa
Politics
Economy
China has been investing heavily in Africa for years. Many countries have accepted the offer - with advantages and disadvantages, as it turns out. While some countries are benefiting from improved infrastructure, others are increasingly falling into economic dependence and debt traps.
Tagesspiegel
"At Least One Million Jobs": Xi Expands China's Influence in Africa and Promises New Billion-Dollar Aid
China is deepening its cooperation with Africa in industry, agriculture, infrastructure, trade and investment; promises 45.8 billion euros in financial aid over 3 years; more than 50 African heads of state and government as well as UN Secretary-General Guterres are participating; China's development successes in poverty reduction offer experiences; growing relations can drive the renewable energy revolution; 11 billion yuan for "green development"; 10 billion yuan through the development bank;..
Welcome!
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand