Xi offers African leaders more aid

Dozens of African leaders gathered Thursday in Beijing for a summit that signals China's influence in a continent that it hopes will be a key ally in pushing back against a US-led global order.

Chinese President Xi Jinping promised the leaders billions of dollars in loans and private investment over the next three years, and proposed that relations with all African countries that have diplomatic ties with China be elevated to the “strategic” level. “We stand shoulder to shoulder with each other to firmly defend our legitimate rights and interests," he said at the opening ceremony of the Forum on China-Africa Cooperation.

China has become a major player in Africa since the forum was founded in 2000. Its companies have invested heavily in mining for the resources Chinese industry needs, and its development banks have made loans to build railways, roads, and other infrastructure under Xi's Belt and Road programme.

LEAVE A COMMENT