Chinese President Xi Jinping (C) with South African President Cyril Ramaphosa (R) and Senegalese President Macky Sall (L) attend a joint press conference
Pepe Escobar, Asia Times: It’s Africa’s choice: AFRICOM or the New Silk Roads
When China calls, all Africa answers. And Beijing's non-politicization of investments and non-interference in internal affairs is paying off big time.
The dogs of war – cold, hot, trade, tariffs – bark while the Chinese caravan plies the New Silk Roads. Call it a leitmotif of the young 21st century.
At the Forum on China-Africa Cooperation (FOCAC) in Beijing, President Xi Jinping has just announced a hefty US$60 billion package to complement another US$60 billion pledged at the 2015 summit.
That breaks down to $15 billion in grants and interest-free loans; $20 billion in credit lines; a $10 billion fund for development financing; $5 billion to finance imports from Africa; and waving the debt of the poorest African nations diplomatically linked to China.
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WNU Editor: Africa is clearly onboard .... China-Africa summit rejects debt criticism (AFP). But criticisms within China over this policy are growing .... China defends extra US$60 billion pledge to Africa from critics at home (SCMP).
2 comments:
Big trade surpluses at work. This is why President Trump’s national security team is waging a trade war.
Africa is blind. Good money first bad string later.
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