June 4, 2023
1 min read

China ‘weaponsing’ investment on foreign soil

Recently, China has announced that it is stepping up its cooperation with the African countries by sending more emergency food aid to the Horn of Africa…reports Asian Lie News

China has been weaponizing investment on foreign soil as a part of its ‘debt-trap diplomacy’ to fulfil agendas of economic and military expansionism abroad, Somaliland Intellectuals Institute reported.

Beijing in 2022, sponsored the first-ever Horn of Africa Peace, Good Governance, and Development Conference in the Ethiopian capital of Addis Ababa, which China’s ruling Communist Party touted as a “model country” under its USD 126 billion Belt and Road initiative.
The Horn of Africa comprises six states, Ethiopia, Eritrea, Sudan, Djibouti, Somalia and the self-governing state of Somaliland, of whom five are sovereign states and one is de facto, where China is now expanding its footprint.

China on Thursday, May 25, announced that it is stepping up its cooperation with the African countries by sending more emergency food aid to the Horn of Africa.

China’s Foreign Minister Qin Gang said in Beijing on Thursday that PRC will fund the reconstruction of Ethiopian infrastructure destroyed in the year-long Tigray war, according to the Beijing-based newspaper South China Morning Post.

A Chinese flag is seen in front of the Friendship bridge over the Yalu River connecting the North Korean town of Sinuiju and Dandong in China’s Liaoning Province, April 1, 2017. REUTERS/Damir Sagolj

Chinese FM Qin in a meeting held with Ethiopia’s deputy prime minister and foreign minister, Demeke Mekonnen Hassen on May 25, said China has delivered two batches of food aid to the Horn of Africa, adding that it is also “considering providing a new batch to help countries alleviate their urgent needs”.

Beijing also iterated that it is ready to support the ‘Ethiopian peace process’ initiative, and “is willing to deepen cooperation between the two countries in various fields to help Ethiopia’s post-war reconstruction, development and revitalization,” according to the paper, according to Somaliland Intellectuals Institute. (ANI)

ALSO READ: India’s youth to be X-factor to take on China 

Previous Story

‘Kerala Crime Files’: Trailer hints at a high octane drama

Next Story

India, Maldives ink 10 MoUs to cement ties

Latest from -Top News

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to

Armed gangs kill dozens in Nigeria

A local state governor said “scores” of people had been killed in the attacks, which also saw homes and properties destroyed. Northeast Nigeria has been gripped by a deadly wave of violence

Children die as USAID aid cuts snap a lifeline

Trump administration cut more than 90% of USAID’s foreign aid contracts and $60 billion in overall assistance around the world. Programs serving children were hit hard Under the dappled light of a
Go toTop

Don't Miss

‘Pakistan in CPEC Debt Trap, China Holds the Key’

Pakistan’s senior officials emphasized that simply seeking loans from international

Tokyo accuses Beijing and Seoul of Tritium contamination

China has raised objections and urged Japan to halt the