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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.
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