China has committed over $50 billion over the next three years in financing to African nations, aiming to bolster infrastructure, agriculture, and trade, marking a significant step in Sino-African relations. The announcement came during the China-Africa Forum in Beijing, the largest summit held since the pandemic, with over 50 African leaders and UN Secretary-General, Antonio Guterres in attendance. At the Forum’s opening, Chinese President Xi Jinping declared, “China is ready to deepen cooperation with African countries in industry, agriculture, infrastructure, trade, and investment”. Xi’s pledge includes financial support amounting to…
Read MoreTag: XI JINGPIN
China breaks silence on U.S. elections, congratulates Biden
China has broken its silence on the U.S. elections by congratulating the President-elect Joe Biden and Vice-President-elect Kamala Harris. Sources attributed the reaction to Chinas Foreign Ministry spokesperson, Wang Wenbin, on Friday. We respect the choice of the American people. We extend congratulations to Biden and Harris. We understand the results of the U.S. election will be determined according to U.S. laws and procedures, Wenbin was quoted as saying. Until now, China was among a few notable countries who were yet to congratulate Biden since he was projected to have…
Read More