UK Business

Why China is seeking greater presence in Africa – the strategy behind its financial deals

Written by Linda Calabrese, Senior Research Fellow in the International Economic Development Group, ODI

China’s relationship with Africa is set to deepen. At a summit in Beijing in early September, China’s president, Xi Jinping, pledged to deliver US$51 billion (£39 billion) in loans, investment and aid to the continent over the next three years, as well as upgrading diplomatic ties.

Beijing’s close engagement with Africa is...

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