During this week’s China-Africa forum in Beijing, Chinese leader Xi Jinping promised to deepen cooperation with Africa by providing over $50 billion in financing over the next three years. This financing will focus on infrastructure, trade, and investment, with a significant portion in the form of credit and grants.
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Additionally, China aims to create at least one million jobs in Africa and provide military training for thousands of African personnel. The UN Secretary-General also highlighted the potential for China-Africa ties to drive the renewable energy revolution.
