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China hosts African leaders for Belt and Road summit to boost economic ties and regional cooperation

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China is hosting a summit in Beijing, welcoming over 50 African leaders to strengthen ties and promote cooperation. The Forum on China-Africa Cooperation, held every three years since 2000, is a key component of China's diplomatic outreach to the Global South, aiming to reshape global trade and geopolitics to increase Beijing's influence. The summit, which will take place from September 4 to 6, is expected to focus on increasing Chinese investment in African countries in exchange for access to raw minerals. The event is considered the "largest diplomatic event" by China's Ministry of Foreign Affairs, and is seen as a significant opportunity for China to strengthen its relationships with African nations.

    1. The more complex the international situation becomes, the more Global South countries must uphold independence.
    2. China shall never waver in its determination to pursue greater solidarity and cooperation with Africa.
    1. We would like to narrow the trade deficit and address the structure of our trade.
    1. Even if the political relationship is strong and there is still enthusiasm on both sides, the supply of financing is not what it used be, and neither is the capacity of African sovereigns to borrow from China like they used to.
    1. The Washington perception that China is trying to be more vocal and have more presence in the world, that's accurate.
    2. I think that's a good thing. Over time, China will be more active, but also the global governance system will move in the direction of voices from developing countries.
    1. There is a keen interest and competition in and around what Africa's potential is.
    1. It avoids the dreariness of the US and EU's ongoing aid focus with its attendant conditionality and preaching.
    1. Africa is important to China because of the strength of its votes at the United Nations General Assembly. Those photos with African leaders, those big headlines on the papers, will be very important for President Xi to get.