FOCAC: Infrastructure, trade drive China-Africa ties
December, 02nd 2021
Chinese and African foreign ministers will meet in Dakar, Senegal next week for the triennial Forum on China-Africa Cooperation (FOCAC) gathering.The meeting comes amid biting economic and social challenges on the continent fueled by the pandemic and climate change.
China-Africa collaboration has made strong progress, with the trade value between the two sides amounting to $192 billion in 2019 compared to $185 billion in 2018. China has been known to use the forum to pledge financial and other assistance to the continent. At the last summit in Beijing, President Xi Jinping pledged $60 billion dollars in grants and loans.
But with concerns about debt and uncertainty brought about by Covid-19, some fear Beijing will cut lending.The meeting is expected to produce an agreement on cooperation on the pandemic and climate change.
Hannah Ryder is the CEO of Development Reimagined. She joins the show from Singapore to talk about issues that will drive China-Africa relations for the next three years.
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