China

China, Africa and the 3 years since Xi Jinping promised to rebalance trade



When dozens of African leaders gathered in Beijing three years ago, Chinese President Xi Jinping promised change.To help rebalance the lopsided trade relationship, Xi said China would encourage Chinese companies to invest in Africa, upgrade economic zones on the continent and increase imports of African non-resource products.Xi also pledged US$60 billion to African countries in the form of loans and aid as well as investment for three years.The various efforts were meant to expand Africa’s…



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