Sunday, July 14, 2024
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After the COVID-19 crisis, China is back in Africa and is doubling its mineral supply

China’s flagship economic cooperation program is rebounding after a lull during the global pandemic, with Africa at the center, a Reuters analysis of credit, investment and trade data shows.

Chinese leaders have cited the billions of dollars invested in new construction projects and two-way trade as evidence of their commitment to helping modernize the continent and promoting “win-win” cooperation.

But the data shows a more complex relationship, one that is still largely extractive and has so far fallen short of Beijing’s rhetoric on the Belt and Road Initiative, President Xi Jinping’s strategy to build an infrastructure network that will connects with the world.



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