Xi Pledges $50 Billion for Africa in Beijing

Chinese President Xi Jinping pledged over $50 billion in financial aid to Africa during the Forum on China-Africa Cooperation in Beijing, aiming to strengthen ties and position China as Africa's premier foreign partner. This commitment includes creating one million jobs, enhancing infrastructure, and promoting trade and investment over the next three years. Xi emphasized the strategic importance of China-Africa relations and promised a mix of credit lines, fresh investments, and military aid. The summit saw more than 50 African leaders and UN Secretary General Antonio Guterres in attendance, reflecting China's intent to deepen cooperation amid global geopolitical shifts. The move comes as Western nations, particularly the United States, increase their efforts to counter China's influence in Africa.