China's Xi pledges $50b in financing for Africa over next three years
China has announced a slew of initiatives to deepen cooperation with African nations. At the China-Africa Cooperation summit in Beijing, President Xi Jinping underscored efforts to drive modernisation of the Global South. This includes over US$50 billion in financing over the next three years for the continent, which is rich in critical minerals and natural resources. Leaders from over 50 African countries are in Beijing for what China has dubbed its biggest diplomatic event in recent years. China has been the region's biggest trading partner for the last 15 years. Olivia Siong reports.
China has announced a slew of initiatives to deepen cooperation with African nations. At the China-Africa Cooperation summit in Beijing, President Xi Jinping underscored efforts to drive modernisation of the Global South. This includes over US$50 billion in financing over the next three years for the continent, which is rich in critical minerals and natural resources. Leaders from over 50 African countries are in Beijing for what China has dubbed its biggest diplomatic event in recent years. China has been the region's biggest trading partner for the last 15 years. Olivia Siong reports.
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