Tuesday, 04 September 2018 04:00

China Pledges Fresh $60 bln to Africa

Chinese President Xi Jinping welcomed a group of African leaders to Beijing on Monday ahead of the formal opening of a major China-Africa summit. The Forum on China-Africa Cooperation brings together leaders from China and more than 50 African countries.
Chinese President Xi Jinping told African political and business leaders Monday that China's investments on the continent are made with an eye on improving Africa's development, and not mere "vanity projects."
President Xi's remarks at the opening of the triennial Forum on China-Africa Cooperation in Beijing were aimed at assuring the African representatives about his "Belt and Road" initiative, which lends lend billions of dollars to Asian and African countries to fund massive infrastructure projects.
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