Xi pledges $51 billion to Africa, creating 1 million jobs

President Xi Jinping announced a $51 billion funding initiative for Africa over three years, aiming to create 1 million jobs and enhance infrastructure. This commitment, made at the Forum on China-Africa Cooperation Summit, includes 360 billion yuan in financial assistance, with 210 billion in credit lines. Xi emphasized cooperation in various sectors and the need for a coordinated development network, while addressing debt relief concerns.