{"id":55746,"date":"2024-09-05T16:19:27","date_gmt":"2024-09-05T06:19:27","guid":{"rendered":"https:\/\/abnews.com.au\/?p=55746"},"modified":"2024-09-05T16:19:27","modified_gmt":"2024-09-05T06:19:27","slug":"chinas-xi-pledges-over-50-bn-in-financing-for-africa","status":"publish","type":"post","link":"https:\/\/aglowmedia.com.au\/?p=55746","title":{"rendered":"China&#8217;s Xi pledges over $50 bn in financing for Africa over next 3 years"},"content":{"rendered":"<p><strong>Chinese leader Xi Jinping on Thursday pledged more than $50 billion in financing for Africa over the next three years and promised to help create at least a million jobs on the continent.<\/strong><\/p>\n<p>Xi&#8217;s comments came during a speech at the opening ceremony of a massive summit in Beijing, gathering dozens of African leaders to discuss the continent&#8217;s economic and political ties with China.<\/p>\n<p>&#8220;Over the next three years, the Chinese government is willing to provide financial support amounting to 360 billion yuan ($50.7 billion),&#8221; he told African leaders in the Great Hall of the People.<\/p>\n<p>The sum would comprise &#8220;210 billion yuan in credit facilities and 80 billion yuan in various types of assistance&#8221;, while also promoting Chinese firms to invest at least 70 billion yuan, Xi said.<\/p>\n<p>The Chinese president promised to help &#8220;create at least one million jobs for Africa&#8221;.<\/p>\n<p>The speech also included a pledge that China would &#8220;provide 1 billion yuan ($140.9 million) in emergency food aid&#8230; implement 500 public welfare projects, (and) encourage Chinese and African companies to invest and start businesses in both directions&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese leader Xi Jinping on Thursday pledged more than $50 billion in financing for Africa over the next three years and promised to help create at least a million jobs on the continent. Xi&#8217;s comments came during a speech at the opening ceremony of a massive summit in Beijing, gathering dozens of African leaders to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2234],"class_list":["post-55746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english","tag-chinas-xi-pledges-over-50-bn-in-financing-for-africa-over-next-3-years"],"_links":{"self":[{"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/wp\/v2\/posts\/55746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55746"}],"version-history":[{"count":0,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/wp\/v2\/posts\/55746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aglowmedia.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}