China-Africa summit: Xi denies money being spent on vanity projects

Uhuru in China for trade talks days after hosting UK PM Theresa May

Uhuru in China for trade talks days after hosting UK PM Theresa May

Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continent's economic prospects to its own.

Speaking to Xinhua in his office in the capital Monrovia, the president said Liberia will seek opportunities at the summit in Beijing.

The summit will conclude with the signing of a declaration and an action plan, providing guidelines for China-Africa cooperation for the next three years.

Xi announced that Africa's poorest nations would be given interest-free loans from China so that they incur less sovereign debt.

The massive scheme is aimed at improving Chinese access to foreign markets and resources, and boosting Beijing's influence overseas.

Israel welcomes U.S. decision over UN Palestinian agency
In Gaza, the group Hamas also condemned the United States move as a "grave escalation against the Palestinian people". In her statement, Nauert said that the UNWRA's business model and fundamental practices were "unsustainable".

"China-Africa cooperation must give Chinese and African people tangible benefits and successes that can be seen, that can be felt", Xi said.

"The FOCAC summit has now become a regular summit between Africa and China and there are big projects coming out of this partnership within the FOCAC summit", African Union Commissioner for Social Affairs Amira Elfadil said earlier, adding that the African Union Commission is going to play a big role by participating in the summit.

Mr Xi admitted there was a need to look at the commercial viability of some projects and make co-operation more viable.

The huge endeavour brings much-needed infrastructure improvements to developing countries, while giving China destinations to unload its industrial overcapacity and facilities to stock up on raw materials.

If we bury our heads in the sand and say there are sanctions, we will always remain behind.

Cynthia Nixon and NY Governor Andrew Cuomo Get Intense During Debate
This could explain the freaky comment he made about America never being great, for which he was bombarded by left and right . Cuomo, who some think could run for president in 2020, said he would not seek out the Oval Office if he was re-elected.

The ruling Pakistan Tehreek-i-Insaf, whose chief Imran Khan was installed prime minister in August after an election victory, has vowed more transparency amid fears about Islamabad's ability to repay Chinese loans related to the multi-billion-dollar China-Pakistan Economic Corridor.

Beijing has poured billions in its Belt and Road initiative, a development and investment scheme focused on promoting trade connectivity that places China at the center.

Also present at the summit are Uhuru Kenyatta, President of the Republic of Kenya; Cyril Ramaphosa, President of the Republic of South Africa, among others. We are simply foolishly giving our future to China.

Data shows that China-Africa trade amounted to $170 billion in 2017, a 14.1 per cent increase upon the 2016 figures.

He is expected to propose new ideas to strengthen relations with Africa and announce new measures for pragmatic cooperation. China's investment in Africa is over $100 billion, more than 100 times that of 2000.

'Not blood and soil': McCain's farewell message to Americans criticizes Trump
McCain's body will lie in state in the Capitol Rotunda in Washington before a procession passing by the Vietnam Veterans Memorial. Ten of the Democrats (or independents who caucus with the Democrats) occupy seats in states President Donald Trump won in 2016.

Locals in other countries have complained about the practice of using Chinese labour for building projects and what are perceived as sweetheart deals for Chinese companies.

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