China pledges $51 billion and 1 million jobs for Africa

Chinese President Xi Jinping announced a $51 billion funding pledge and the creation of at least 1 million jobs for Africa during a summit in Beijing, attended by over 50 African leaders. This commitment includes $30 billion in credit lines and $10 billion in investments. The Forum on China-Africa Cooperation aims to strengthen China's influence in Africa, which is seen as strategically important due to its resources and population.