China announces $60 billion package to Africa during FOCAC
China is set to expand investments in Africa that would help absorb its excess manufacturing capacity as part of an effort to re-engage with the continent and integrate it within its Belt and Road connectivity framework.
In tune with the meeting in Johannesburg, of the Forum on China-Africa Cooperation (FOCAC), which President Xi Jinping and his South African counterpart, Jacob Zuma are co-chairing, China, has elaborated on its collective approach towards Africa. The two-day summit starts on December 4. Read More