China sends Africa a signal that Belt and Road Initiative is still open for business

Jan 10, 2021 | INVESTING

China’s Foreign Minister Wang Yi used his recent visit to Africa to signal that Beijing was still willing to fund infrastructure projects under the Belt and Road Initiative despite fears that the multibillion-dollar scheme faces budget cuts.During last week’s tour, which ranged from the islands of the Seychelles to the continent’s most populous country Nigeria, Wang also signalled that China was ready to help boost Africa’s industrial capacity and expand trade.“China is prepared to help Africa…

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