Zambia became Africa’s first coronavirus-era sovereign default last year. ![]() For some observers, the reduction shows China is starting to see fewer benefits from its African dealings. China also promised 1 billion COVID-19 vaccine doses to African governments. Xi pledged to encourage Chinese companies to invest at least $10 billion in Africa over the next three years and champion greener deals. Experts saw this as a sign that China’s relationship with the continent is changing.Ĭhinese President Xi Jinping, who has not left China since the pandemic began, delivered his address via video link. Beijing cut its financing over the next three years from $60 billion at the previous summit to $40 billion. ![]() Africa Needs a China Policy That Benefits CitizensĪfrican leaders gathered in Senegal’s capital, Dakar, last week for the eighth triennial Forum on China-Africa Cooperation.
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