2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$400
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$500
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$600
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$700
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Detailed explanation-1: -China’s Influence in Sub-Saharan Africa: Forums have been held every three years since; in the most recent meeting in 2018, Beijing pledged $60 billion in economic assistance, matching the previous pledge in 2015. China pledged $40 billion during the 2021 FOCAC.
Detailed explanation-2: -China has made over $42 billion in loan commitments to Angola over the last 20 years.
Detailed explanation-3: -China’s motivations Brautigam’s research shows that between 2000 and 2019, China canceled at least $3.4 billion of such debt in Africa.
Detailed explanation-4: -This statistic shows the cash flow of Chinese foreign direct investments (FDI) to Africa from 2011 to 2021. In 2021, approximately 4.99 billion U.S. dollars were directed from China to African countries, an increase from around 4.23 billion U.S. dollars in the previous year.