China pledges $60bn to Africa, waives some debt – The Wall Street Journal
JOHANNESBURG — As US president Donald Trump builds more walls than he pulls down around the country, it's no surprise that China is bulldozing full steam ahead with projects in to Africa. It's nothing new as China has taken the lead on the continent with investments, but one wonders if the door will be opened wider given Trump's recent rhetoric looking in, rather than out. There are concerns with the Chinese footprint in Africa, with some countries potentially over-indebted while South African president Cyril Ramaphosa highlighted the trade imbalance as something that needs to be addressed. China's president Xi Jinping, speaking at the summit in Beijing, has pledge a further $60 billion to the continent, alleviating some of the concerns by waiving some debt, but no details of with which countries. – Stuart Lowman
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