AFRICA SEEKS MORE INDUSTRIALISATION SUPPORT FROM CHINA

African countries request Beijing to change the focus of investments to prioritize industrialization instead of infrastructure.

[Dong Sheng News]

In response to the request, Xi announced, during the China-Africa Leaders’ Dialogue in Johannesburg, the launch of the Africa Industrialization Support Initiative, to allocate more assistance, investment, and financing resources to industrialization programs on the continent. According to the China-Africa Cooperation Vision 2035, launched in 2021, China will invest more than $60 billion in African countries by 2035.

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