Chinese President Xi Jinping has pledged $50 billion in funding to Africa over the next three years, helping to create one million jobs on the continent.

Xi Jinping insisted that his government is ready to deepen cooperation with the African continent in the field of economy. He assured that China – Africa relations are experiencing the best period in history.

The world’s second-largest economy, China, is the African continent’s largest trading partner; bilateral trade reached $168 billion in the first half, according to official Chinese media.

After all, China also sent hundreds of thousands of workers and engineers to Africa over the past two decades to handle major projects while securing privileged access to the continent’s vast natural resources, especially copper, gold, and lithium deposits.

A total of 25 African heads of state have confirmed their attendance at the China – Africa Cooperation Forum meeting, according to an AFP tally.

Beijing has organized the largest diplomatic meeting since the coronavirus pandemic.

Source: CNN Greece

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