China Pours Money into Africa as Domestic Economy Sputters

China Pours Money into Africa as Domestic Economy Sputters

Beijing’s three-day Forum on China-Africa Cooperation (FOCAC) concluded on Friday with more pledges of funding for Africa, even though China’s sputtering economy may be hard-pressed to meet those commitments.

The South China Morning Post (SCMP) counted $50.6 billion in Chinese loans, aid programs, and corporate investments for Africa over the next three years that were announced during the forum.

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