China's Xi pledges another 1 bln Covid-19 vaccine doses for Africa
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WEDNESDAY, FEBRUARY 08, 2023
China's Xi pledges another 1 bln Covid-19 vaccine doses for Africa

Global Economy

Reuters
29 November, 2021, 07:25 pm
Last modified: 29 November, 2021, 07:58 pm

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China's Xi pledges another 1 bln Covid-19 vaccine doses for Africa

China will also offer an additional 1 billion doses of Covid-19 vaccines to African nations

Reuters
29 November, 2021, 07:25 pm
Last modified: 29 November, 2021, 07:58 pm
Chinese President Xi Jinping is seen on a giant screen at a media centre as he delivers a speech via video at the opening ceremony of the China International Import Expo (CIIE) in Shanghai, China November 4, 2021. REUTERS/Andrew Galbraith/File Photo
Chinese President Xi Jinping is seen on a giant screen at a media centre as he delivers a speech via video at the opening ceremony of the China International Import Expo (CIIE) in Shanghai, China November 4, 2021. REUTERS/Andrew Galbraith/File Photo

President Xi Jinping on Monday said China would offer another 1 billion doses of Covid-19 vaccines to African countries and would encourage Chinese companies to invest no less than $10 billion in Africa over the next three years.

The pledge of additional vaccine doses - on top of the nearly 200 million that China has already supplied to the continent - comes as concerns intensify over the spread of a new variant of the coronavirus, known as Omicron, which was first identified in southern Africa.

In a speech given via video link at the opening of the Forum on China-Africa Cooperation, Xi also said a China-Africa cross-border yuan centre would be set up to provide African financial institutions with a credit line of $10 billion, without giving further details.

China's total imports from Africa, one of its key sources of crude oil and mineral supply, will reach $300 billion in the next three years, Xi said, adding that the two sides would cooperate in areas such as health, digital innovation, trade promotion and green development.

Top News / World+Biz / China

china / Xi Jingping

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