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The China Africa Research Initiative reported that Chinese financiers loaned $153 billion to African public-sector borrowers between 2000 and 2019; at least or over 80 percent of those loans were used for economic and social infrastructure projects in the transport, power, telecom, and water sectors of underdeveloped and developing countries.
Ethiopia is another recipient of space aid from Beijing. Since 2019, China has launched two Earth observation satellites for the East African country and funded construction of a ground station there.
Colombo International Financial City built on land reclaimed from the Indian Ocean and funded with $1.4bn in Chinese investment is a special financial zone and another major Chinese investment in Sri Lanka. [103] In April, Sri Lanka experienced a default on its foreign debt amounting to US$50 billion, with China being one of the creditors involved.
A few examples of the products imported by China in African countries in 2014: Benin bought $411m worth of wigs and fake bears from China, 88% of South Africa's imported male underpants were from China, Mauritius spent $438,929 on Chinese soy sauce, Kenya spent $8,197,499 on plastic toilet seats, Nigeria spent $9,372,920 on Chinese toothbrushes ...
The government of the Central African Republic suspended a Chinese mining company’s operations in the country, accusing it of cooperating with armed militias, a government decree said.
The increased investment in Africa by China has attracted the attention of the European Union and has provoked talks of competitive investment by the EU. [197] Members of the African diaspora abroad, especially in the EU and the United States, have increased efforts to use their businesses to invest in Africa and encourage African investment ...
Access to Satellite TV for 10,000 African Villages is a China–Africa cooperation project that aims to reduce the digital divide in African rural areas by giving villages access to digital television. As of April 2019, projects had been completed in sixteen sub-Saharan countries.
China's bilateral relationship with Ethiopia is one of its most prioritized in Africa and China believes Ethiopia is particularly significant in peace and security within east Africa. [ 3 ] : 109 Relations are longstanding, with Chinese direct investment (FDI) in Ethiopia reaching US$4 billion and bilateral trade growing to $5.4 billion by 2016 ...