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China pledges $51 billion and 1 million jobs for Africa

nbcnews.com — September 5, 2024, 01:00 PM UTC

Summary: Chinese President Xi Jinping announced a $51 billion funding pledge and the creation of at least 1 million jobs for Africa during a summit in Beijing, attended by over 50 African leaders. This commitment includes $30 billion in credit lines and $10 billion in investments. The Forum on China-Africa Cooperation aims to strengthen China's influence in Africa, which is seen as strategically important due to its resources and population.

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  8. [4.2]
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  9. [3.9]
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  11. [3.3]
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  12. [3.1]
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  13. [4.7]
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  14. [5.2]
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  15. [4.0]
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  17. [5.1]
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  18. [4.9]
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  19. [5.4]
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  20. [4.5]
    Xi proposes upgrading China-Africa relations to "strategic" level (nbcnews.com)
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  21. [4.1]
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  22. [2.4]
    China commits $50 billion for Africa development projects (rt.com)
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  23. [2.3]
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