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

Pakistan reverses support for Trump’s Gaza peace plan

Pakistan retracts support for Trump’s Gaza peace plan, citing differences with Muslim nations’ draft; move reflects domestic sensitivities and regional alignment amid ongoing Middle East conflict diplomacy. In a surprising shift, Pakistan’s

Hamas agrees to release all hostages

Hamas agrees to release all Israeli hostages under Trump’s 20-point Gaza peace plan, backed by global powers and the UN, paving the way for regional stability. Hamas has formally agreed to release

Qatar now under US shield

Trump offers Qatar an unprecedented security guarantee, pledging US military protection amid Israeli strike and Gaza peace negotiations, reinforcing Qatar’s role in regional diplomacy. In an extraordinary move, the United States has

UAE condemns Manchester attack

UAE condemns Manchester synagogue attack; UK deploys extra police, PM Starmer vows protection for Jewish communities while emergency services respond to a shocking Yom Kippur tragedy. The United Arab Emirates has strongly
Go toTop

Don't Miss

India must develop rare earth value chain, cut reliance on China

Developing a well carved out REE value chain for upstream

Chinese journalist jailed for Covid coverage on death bed

Zhang has been on a hunger strike for more than