China’s Xi promises one million jobs for AfricaXi pledges $51bn in new financing for African countries at Forum on China-Africa Cooperation
Addressing delegates from more than 50 African nations gathered in Beijing for the forum, he said 210 billion yuan ($29.6bn) of the financing would be disbursed through credit lines and at least 70 billion yuan ($9.9bn) in new investment by Chinese companies, with smaller amounts provided through military aid and other projects.
The financial assistance would be in yuan, in an apparent bid to further internationalise the Chinese currency. The Chinese leader also called for a China-Africa network of land and sea links and coordinated development.
“We have together built roads, railways, schools, hospitals, industrial parks and special economic zones. These projects have changed the lives and destiny of many people,” Xi
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