Beijing to host 2024 African summit from Wednesday to Friday,aims to recalibrate economic,trade ties
BEIJING/NAIROBI - China will urge a summit of 50 Africa n nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such as electric vehicles and solar panels, in exchange for more pledges of loans and investment.
"The prize is going to go to those countries who have carefully studied the changes in China and align their proposals with China's new slimmed-down priorities," said Eric Olander, co-founder of the China-Global South Project. "That's a big ask for a continent that generally has very poor China literacy."
China has already started tweaking conditions for its loans to Africa, setting aside more for solar farms, EV plants and 5G Wi-Fi facilities, while cutting back on bridges, ports and railways. Britain, Italy, Russia and South Korea have also held Africa summits in recent years, recognising the potential of the region's young people and its 54 U.N. seats. China's outsized role as a financial and trade partner makes its meetings a far bigger deal, however.
Africa United States Green Tech Exports Exports Curb Sanctions
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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