China pledges $50bn for African project ...News

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China pledges $50bn for African project

President Xi Jinping has announced the plans as part of efforts to strengthen ties with the continent Leaders and delegations from more than 50 African countries are in Beijing for a three-day summit, which the Chinese Foreign Ministry has hailed as the largest diplomatic event the country has hosted in recent years. Chinese President Xi Jinping used the occasion to announce plans for $50 billion in joint projects on the continent. The China-Africa Cooperation Summit (FOCAC) aims to strengthen ties between the Asian nation and a continent where Beijing and Russia’s influence has been a source of concern for the U

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