China’s People’s Daily newspaper on Friday, Dec. 4, 2015. Instances of Xi Jinping’s name are circled in red. Felicia Sonmez for The Wall Street Journal… 607 more words
Tags » China-Africa Relations
African governments and the Chinese government often state that their economic and political cooperation is based on friendship, equality and mutual respect. Yet these sentiments by government leaders are not reflected in the way the general population relates to each other. 703 more words
“Those who eat up riba shall only stand as would one who has been touched by Satan. That is because they say ‘Trading is just like riba.’ Allah has permitted trading and has forbidden riba.” 2,665 more words
China has pledged to provide $1 trillion in financing (paywall) to countries in Africa over the next 12 years. Speaking at a summit in Hong Kong, Zhao Changhui of China’s state-owned Export-Import (Exim) Bank said the money will go toward helping the region build highways, railways, airports and other infrastructure. 258 more words
They say that China is helping Africa achieve its millennium development goals by investing in its infrastructure, economic markets and development projects.
In fact, China is not really “investing.” Most of the “Chinese investment in Africa” is actually a very well-structured program of concessional loans. 877 more words