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Chinese, African leaders hold summit on deepening bilateral cooperation

Business Standard LogoBusiness Standard5h ago

Chinese, African leaders hold summit on deepening bilateral cooperation - Business Standard

Quick Summary:

Chinese President Xi Jinping proposed to the assembled leaders Thursday that relations with all African countries that have diplomatic ties with China be elevated to the strategic level.

Dozens of African leaders have descended on Beijing for a summit that signals China's influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order.

Its companies have invested heavily in mining for the resources Chinese industry needs and its development banks have made loans to build railways, roads and other infrastructure under Xi's Belt and Road program.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 11:01:33 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22372420

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 311 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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