Africa: Why China Is Seeking Greater Presence in Africa

Africa News

Africa: Why China Is Seeking Greater Presence in Africa
NewsPoliticsEconomy
  • 📰 allafrica
  • ⏱ Reading Time:
  • 32 sec. here
  • 19 min. at publisher
  • 📊 Quality Score:
  • News: 75%
  • Publisher: 99%

Analysis - China's relationship with Africa is set to deepen. At a summit in Beijing in early September, China's president, Xi Jinping, pledged to deliver US$51 billion (£39 billion) in loans, investment and aid to the continent over the next three years, as well as upgrading diplomatic ties.

China's relationship with Africa is set to deepen. At a summit in Beijing in early September, China's president, Xi Jinping,to deliver US$51 billion in loans, investment and aid to the continent over the next three years, as well as upgrading diplomatic ties.

China's engagement with Africa is strategic as well as economic. Whether it's gaining votes at the UN, better access to resources, or increasing the international use of its currency, China's diplomatic relations with Africa play into its ambitions of being a major player in a multipolar world.From a purely economic perspective, Africa is a potentially lucrative market for China.

It is this alignment with the requests of African leaders that differentiates China's engagement with Africa from that of the west. A key request of many African leaders is for investment in manufacturing value chains and

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

allafrica /  🏆 1. in ZA

News Politics Economy Trade Business Sports Current Events Travel Africa Economy Business And Finance Governance External Relations Asia Australia And Africa Investment

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What's in it for Africa at the China-Africa Summit?What's in it for Africa at the China-Africa Summit?African leaders have gathered in China for the Forum on China-Africa Cooperation (FOCAC). The summit is held every three years, and this marks the ninth meeting. African leaders and Chinese officials will discuss policies and finalize cooperation agreements with the continent's largest lender and investor.
Read more »

One-China Policy: Chinese ambassador Wu Peng salutes South Africa for championing China unificationAmbassador Wu Peng told the National Press Club that China ‘highly’ appreciates South Africa’s reiteration of its commitment to the One-China Policy, acknowledging that there is only one China.
Read more »

South Africa to host Norwegian Minister of Foreign Affairs, Espen Barth Eide, seeking to enhance relationsSouth Africa and Norway hold similar positions of strengthening multilateral approaches to improving global peace and security, including promoting the Women, Peace and Security (WPS) agenda
Read more »

China gives Government of National Unity greenlight, as two nations strengthen relationsChina is South Africa's largest trading partner globally, while South Africa is China’s number one trading partner in Africa, with total bilateral reaching R692 billion in 2023.
Read more »

An mpox vaccine is available, so why is it taking so long to get to Africa?An mpox vaccine is available, so why is it taking so long to get to Africa?An mpox vaccine is available, so why is it taking so long to get to Africa?
Read more »

vivo South Africa lights up Miss South Africa 2024: Radiant celebration of SA womenvivo South Africa lights up Miss South Africa 2024: Radiant celebration of SA womenMia le Roux made history as the first hearing-impaired woman to take the title.
Read more »



Render Time: 2025-02-14 22:34:45