China Pledges $50 Billion to Africa with Focus on Green Projects
President Xi Jinping announces major investments but stops short of debt relief at the China-Africa summit.
- China commits 360 billion yuan in credit lines and investments over three years.
- The funding includes 30 clean energy projects and support for electric vehicle manufacturing.
- African leaders welcome the investments but express concerns over debt and transparency.
- China's focus shifts to smaller, sustainable projects amid its own economic slowdown.
- The summit highlights China's strategic interest in Africa amid global geopolitical tensions.