Coronavirus Latest News

‘More cautious’ China shifts Africa approach from debt to vaccine diplomacy

Analysis: After two decades of major financial aid, Beijing is rethinking its strategy on continent amid Covid crisis and fierce competition for power, analysts say

As debt concerns rise and a new coronavirus variant emerges, China appears to be adjusting its approach to Africa: cutting finance pledges while doubling down on vaccine diplomacy.

On Monday last week, China’s leader, Xi Jinping, opened a China-Africa forum with a pledge to supply 1bn vaccine doses to Africa, amid global concern over the emergence of the Omicron variant of Covid-19. He also pledged $40bn to the continent, ranging from credit lines to investments – a significant cut from the $60bn promised at the previous two summits.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button