China Strengthens Ties with Africa: $50 Billion in Aid and Job Creation Announced

World | September 5, 2024, Thursday // 09:45
Bulgaria: China Strengthens Ties with Africa: $50 Billion in Aid and Job Creation Announced

Chinese President Xi Jinping has pledged more than 50 billion dollars in aid to Africa over the next three years, alongside the creation of one million jobs. His commitment emphasizes the goal of strengthening economic cooperation between China and the African continent.

The announcement was made during the China-Africa Cooperation Summit, held in Beijing, which gathered delegates from more than 50 African nations. This forum marks the largest diplomatic event in the Chinese capital since the pandemic and outlines a three-year roadmap for deepening relations between the world's second-largest economy and Africa, the fastest-growing continent.

During the summit's opening ceremony, Xi Jinping highlighted China's readiness to support clean energy initiatives and infrastructure connectivity projects across Africa, underscoring the importance of these sectors in future cooperation.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: Xi Jinping, Chinese, Africa

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria