This year's Forum on Africa-China Cooperation, held every three years, was the first since the pandemic and China's own economic slowdown. It came amid growing geopolitical rivalry between Beijing and the West, and Xi was blunt in his assessment of the latter's influence on the continent.
The three-day (September 4-6) summit marks the ninth editon of the Forum on China-Africa Cooperation and is being held amidst ongoing conflicts in Africa in its neighbouring West Asia, Ukraine, and China's growing assertiveness in the Pacific region.
Beijing [China], May 9 (ANI): While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its investment pledges for the continent for the first time in December 2021, according to reports.
Beijing [China], Sept 4 (ANI): Amid growing concerns about rising debt distress in Africa, Chinese President Xi Jinping has announced a financial package of USD 60 billion aid, comprising investment and loans to the continent.