Xi Jinping pledges $51 billion to African leaders
Financial Times — September 5, 2024, 05:00 AM UTC
Summary: China's President Xi Jinping hosted a summit with leaders from 50 African countries, pledging $51 billion in financial support over three years. The summit aims to address trade imbalances, with China's trade surplus with Africa at $64 billion. Debt issues persist, as several African nations face financial strains. The summit concludes with a plan for China-Africa relations until 2027, focusing on infrastructure and investment.
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