Chinese President Xi Jinping pledged today, Thursday 5/9, to allocate $50 billion in funding to Africa over the next three years and that his country will contribute to the creation of one million jobs on the continent. “Over the next three years, the Chinese government is ready to provide financial support of 360 billion yuan ($50.7 billion),” President Xi told the China-Africa summit in Beijing, while promising that his government will help create “at least one million jobs”. Xi Jinping insisted that his government is “ready to deepen cooperation” with the African continent in the field of economy. He assured that China-Africa relations know the “best period in history”. The world’s second-largest economy, China, is the African continent’s biggest trading partner: bilateral trade reached $168 billion (nearly €152 billion) in the first half, according to official Chinese media. […]
Source: News Beast
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