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a show ofdiplomatic strength and cultural grandeur.The event featured red carpet receptions and vibrant
performances, designed to convey a sense of equality and partnership between China and Africa. This
carefully planned spectacle was aimed at reinforcing China’s narrative of solidarity with African nationsagainst Western dominance.
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During the summit, high-level meetings between African leaders, including South Africa’s President Cyril
Ramaphosa and China’s President Xi Jinping, focused on strengthening economic ties. While China has
become Africa’s largest trading partner, the trade imbalance remains a significant issue, with African
leaders seeking more equitable terms. Ramaphosa, for instance, pushed for a restructuring of trade
agreements to address the deficits that favor China.
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Kenya, represented by President William Ruto, pursued further Chinese investment to complete
infrastructure projects like the Standard Gauge Railway (SGR), despite the country’s heavy debt load.
China had previously withdrawn funding for the SGR, leaving the project incomplete. Ruto’s aim was to
secure financing to continue Kenya’s development efforts, despite financial pressures
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The summit highlighted broader concerns about Africa’s dependency on Chinese loans, especially as
several nations grapple with debt crises. Discussions centered on the need for African countries to build
stronger, self-sustaining economies and reduce reliance on foreign powers. With China’s economic
growth slowing, the International Monetary Fund (IMF) has recommended that African nations focus on
regional integration and reforms to enhance local economic resilience, ensuring more balanced and
beneficial partnerships in the future.
Editor :Suman Shrestha
Journalist : Laxman Rai
Office Manager : Jon Rai
Sep5 ,2024
