Sep 7, 2018

Ties between Africa and China strengthen after Cooperation Forum

South African President Cyril Ramaphosa (l) and Alibaba chairman Jack Ma (r) Photo: VCG/VCG via Getty Images

Xi Jinping and his colleagues spent the last week feting the leaders from 53 of 54 African nations at the Forum of China-Africa Cooperation (FOCAC) summit.

What's happening: Xi promised another $60 billion in financing to Africa along with eight initiatives for PRC-Africa cooperation. The $60 billion amount was the same as promised in 2015, but with changes to the composition, as Yun Sun wrote in Brookings Institution note.

The volume and composition of China's 2018 FOCAC financial pledges to Africa indicates China's commitment remains strong, Sun writes, but it also appears to be "more cautious and calculating" than past pledges.

What we're hearing: South African President Cyril Ramaphosa spoke to reporters after the summit, telling them China's relationship with Africa has "now entered a golden age," according to Caixin.

Quick take: Much of Western media coverage about the summit has been critical, but we shouldn't forget that the African leaders have agency. Plus, there doesn't seem to be a better offer/plan for them coming from the West.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 12 p.m. ET: 1,140,327 — Total deaths: 60,887 — Total recoveries: 233,930Map.
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  3. Public health latest: The CDC is recommending Americans wear face coverings in public to help stop the spread of the coronavirus. The federal government will cover the costs of COVID-19 treatment for the uninsured.
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  5. Business updates: America's small business bailout is off to a bad start. The DOT is urging airlines to refund passengers due to canceled or rescheduled flights, but won't take action against airlines that provide vouchers or credits.
  6. Oil latest: A pivotal Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
  7. Military updates: Senators call for independent investigation into the firing of Navy captain of the U.S.S. Theodore Roosevelt. The U.S. military is struggling to find new recruits as enlistment stations are shut down.
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