China's Commitment to Africa at FOCAC 2024
On 5th September 2024, at the ninth Forum on China-Africa Cooperation (FOCAC) in Beijing, Chinese President Xi Jinping announced a significant funding commitment of $51 billion to support 30 infrastructure projects across Africa.
- This move marks a strategic shift for China as it aims to adjust its investment approach amid economic pressures at home.
What is FOCAC?
- Established in 2000, the Forum on China-Africa Cooperation formalizes the partnership between China and African nations, involving 53 African countries.
- The summit is held every three years, alternating between China and African host nations, to enhance political and economic cooperation.
Focus of the 2024 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
World Watch
- 1 Indian PM’s US Visit Solidifies India's Global Role
- 2 India-UAE Nuclear Cooperation Agreement
- 3 India and Brunei Elevate Ties to “Enhanced Partnership”
- 4 India Seeks Renegotiation of Indus Waters Treaty
- 5 Turkey Seeks Membership in BRICS
- 6 Pacific Islands Forum Meeting Highlights Growing Influence
- 7 India Joins US-Led Minerals Security Finance Network
- 8 India & US Sign Defence Agreements
- 9 Indian PM’s Visit to Kyiv Marks Diplomatic Shift
- 10 India-Malaysia Comprehensive Strategic Partnership
