Despite Its Troubled Economy, Beijing Has Doubled Down on the Belt and Road Initiative in Africa

Xi Jinping promises jobs and a big rise in lending to more than 50 African nations at the China-Africa Cooperation Summit in Beijing.
Despite Its Troubled Economy, Beijing Has Doubled Down on the Belt and Road Initiative in Africa
China's Foreign Minister Wang Yi addresses a press conference as his counterparts look on during the Forum on China-Africa Cooperation (FOCAC) in Beijing on Sept. 5, 2024. Greg Baker/AFP via Getty Images
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Commentary

After some years of rough going and despite the already huge strains on China’s economy, Beijing has decided to double down on its Belt and Road Initiative (BRI) in Africa.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."