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

Highway Protest Halts PoGB-China Trade

The protestors have called for exclusion of residents of Pakistan-occupied Gilgit Baltistan from income, sales and other federal taxes on products imported from China via Khunjerab Pass, Trade and travel between Pakistan-occupied

Dhaka’s Ruling Party Rejects Kolkata Link

Slamming the Yunus administration, the Awami League alleged that “the illegal usurper government is actively spreading these baseless rumours….reports Asian Lite News Bangladesh’s Awami League has rejected media reports that it opened

1.5M Afghans Forced Back in 2025

UN warned that these women and girls face significant threats upon their return to Afghanistan, including poverty, early marriage, violence, and unprecedented restrictions. The International Organization for Migration (IOM) has warned that

How BRICS Break the West’s Grip

Harvansh Chawla pointed to the Ruble-Rupee trade arrangement between the two nations, saying it has streamlined transactions and lessened reliance on Western financial systems. The BRICS bloc is proving crucial in enabling
Go toTop

Don't Miss

China excavates resource-rich Balochistan while locals remain poor

Pakistan’s largest province is being robbed of its natural resources

Japanese firms worried over China’s revised anti-spying law

The updated law also obligates all citizens to report spying