Follow CGSP on Social Media

Listen to the CGSP Podcast

FOCAC’s Powerful Optics Present a Challenge to China’s Rivals

FOCAC is for me what the Winter Olympics is for a curling fan – the one moment every few years when the world briefly shares one’s obsession. So it was interesting (and revealing) how relatively muted the coverage of the triennial meeting has been this time around.

In part, this is due to the fact that FOCAC 8 itself has been slightly smaller than usual. It was held at the ministerial, rather than the summit level, and many leaders (including Chinese president Xi Jinping) attended virtually. Compared to the make-it-rain funding extravaganzas of the last two summits, each of which allocated $60 billion in funding, this one delivered a more modest (but still substantial) $40 billion. This sum breaks down into four $10 billion blocks: credit to African financial institutions, IMF special drawing rights, trade financing, and investment from the Chinese private sector.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

[NEW PODCAST] Why It's Not China's Fault That Its Trade With Africa is So Distorted

X