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  5. China's Xi Jinping Announces $50 Billion Investment and Job Creation Plan for Africa

China's Xi Jinping Announces $50 Billion Investment and Job Creation Plan for Africa

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China has pledged significant financial support to Africa, with President Xi Jinping committing $50-51 billion in financing over the next three years. This support is aimed at deepening cooperation in various sectors, including industry, agriculture, mining, trade, and energy. Additionally, Xi has pledged to create at least one million jobs in Africa. China's ties with African nations are reportedly at their "best in history", with the two sides seeking to strengthen their partnership and become a powerful force together.

  1. CN
    Liu Yuxi
    Chinese Communist Party
    1. Our history will not go back to the old days of colonialism.
    2. The world is undergoing profound transformations, driven by the rise of the global South.
  2. CN
    Xi Jinping
    Chinese Communist Party
    1. But the Western approach to it has inflicted immense sufferings on developing countries.
    2. Over the next three years, the Chinese government is willing to provide financial support amounting to 360 billion yuan ($50.7 billion).
    3. We have together built roads, railways, schools, hospitals, industrial parks and special economic zones. These projects have changed the lives and destiny of many people.
    4. China is ready to deepen cooperation with African countries in industry, agriculture, infrastructure, trade and investment.
    5. Modernization is an inalienable right of all countries.
  3. ZA
    Cyril Ramaphosa
    African National Congress Party
    1. These challenges affect all nations but are more often severely felt on the African continent, yet amid these challenges there is hope and opportunity.
  4. CN
    Yun Sun
    1. China-Africa relations are at their best in history. Looking to the future, I propose that China's bilateral relations with all African countries, with which it has diplomatic ties, be elevated to the level of strategic relations.
  5. US
    Eric Olander
    China Global South Project
    1. China sees an opportunity to really step up its engagement, and not necessarily just with money.

Belt And Road Initiative

  1. China hosts African leaders for Belt and Road summit to boost economic ties and regional cooperation
  2. Italy pulls out of China's trade route pact

sources

  1. 1.Al Jazeera
  2. 2.France 24
  3. 3.CNN
  4. 4.DW News
  5. 5.Le Monde
  6. 6.The New York Times
  7. 7.Times
  8. 8.Xinhua News Agency

perspectives

  1. 1.Chinese Foreign Policy
  2. 2.US-China Relations
  3. 3.Trade Agreement
  4. 4.China-Africa Relations

countries

  1. 1.Congo, The Democratic Republic of theCD
  2. 2.ChinaCN
  3. 3.FranceFR
  4. 4.Hong KongHK
  5. 5.KenyaKE
  6. 6.MaliML
  7. 7.NigeriaNG
  8. 8.Russian FederationRU
  9. 9.SenegalSN
  10. 10.EswatiniSZ
  11. 11.ChadTD
  12. 12.Taiwan, Province of ChinaTW

organizations

  1. 1.China Global South Project
  2. 2.Chinese Communist PartyCN
  3. 3.Exim Bank of China
  4. 4.People's Liberation ArmyCN
  5. 5.ZESCO

persons

  1. 1.Xi JinpingCN
  2. 2.William RutoKE
  3. 3.Bola TinubuNG
  4. 4.Cyril RamaphosaZA
  5. 5.Joy Dong
  6. 6.Mara Hvistendahl
  7. 7.António GuterresPT
  8. 8.Assimi GoïtaML
  9. 9.Eric OlanderUS
  10. 10.Félix TshisekediCD
  11. 11.Hakainde Hichilema
  12. 12.Liu YuxiCN

technicals

  1. 1.Forum on China-Africa Cooperation
  2. 2.Global South
  3. 3.A Shared Future for China and Africa
  4. 4.Belt and Road Initiative
  5. 5.Cold War
  6. 6.Rironi-Mau Summit-Malaba
  7. 7.Tiananmen Square
China's Xi Jinping Announces $50 Billion Investment and Job Creation Plan for Africa