China and Congo Outline Road Map for Xi Jinping's $50 Billion Investment in Africa

World News

1 year ago

News sources:

Credited from: SCMP

China and the Republic of Congo have established a timetable for President Xi Jinping’s US$50 billion investment in African infrastructure over the next three years.
Chinese Foreign Minister Wang Yi announced the plan following talks with President Denis Sassou Nguesso in Brazzaville.
The meeting coincides with measures agreed at the FOCAC summit, aimed at enhancing trade, military cooperation, and diplomatic ties.
Congo seeks to strengthen its export capacity to China, aiming to diversify beyond crude petroleum, and signed agreements on housing and urban construction.
Wang's visit to Africa, steeped in diplomatic tradition, aims to bolster China's presence on the continent while promoting mutual development.

For the full article, visit South China Morning Post.