Chinese President Xi Jinping pledged today 51 billion dollars in new financing for Africa, support for 30 infrastructure projects on the resource-rich continent, as well as the creation of at least 1 million jobs, reports Reuters, quoted by BTA.
In his speech at a China-Africa cooperation summit, Xi assured delegates from more than 50 African countries that China's $19 trillion economy would unilaterally improve its market access for African traders.
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The High-Level Forum on China-Africa Cooperation** being held in Beijing this year sets out a three-year agenda for ties between the world's second-largest economy and the fastest-growing continent.
During the summit's opening ceremony, Xi said **China is ready to launch 30 clean energy projects in Africa, as well as support the continent's nuclear energy goals. These projects will help address the electricity shortages that have long hampered Africa's broader industrialization goals.
China is also ready to implement 30 infrastructure connectivity projects in Africa and build a China-Africa network including land and sea links and coordinated development, he noted.