The complex relationship between Africa and China has become even more complicated this year. Initially, 2018 was set to reaffirm the bond through the latest Forum on China-Africa Cooperation summit held in Beijing in September. The summit delivered its usual pageant of African leaders, side deals, and the announcement of a USD$60 billion financing package. The year also saw the recurrence of misgivings about the relationship.

The most explicit theme of this conversation was debt. Donald Trump’s US administration added fuel to smouldering anxiety, and China found itself having to defend its lending to Africa – at home and globally. At the same time, African governments are battling rumours that they are about to hand over state assets to the Chinese. 

Chinese Ambassador Wu Peng last Thursday in the company of the Economic and Commercial Counsellor Zhang Xueqian paid a visit to Sierra Leone National Stadium to inspect the the ongoing rehabilitation project. The project was funded by grant from the Chinese government. 

During the visit, Ambassador Wu Peng noted that the National Stadium is a landmark project aided by the Chinese government in the 1970s, and it is a symbol of China-Sierra Leone friendship.

NEW YORK, Oct. 17 (Xinhua) -- The U.S. dollar rose against other major currencies in late trading on Wednesday, as investors pondered over the newly-released minutes from the U.S. Federal Reserve's September meeting. The minutes released in the afternoon showed that the central bank remains convinced it needs to tighten monetary policy to keep the economy steady.
"Participants generally anticipated that further gradual increases in the target range for the federal funds rate would most likely be consistent with a sustained economic expansion, strong labor market conditions and inflation near 2 percent over the medium term," said the minutes. "The Fed is intent to continue raising rates, but the fed funds rate is now entering more uncertain territory where it can no longer be characterized as necessarily accommodative. The implication is future rate decisions will be based on incoming data," said Chris Low, chief economist at FTN Financial. On the economic front, U.S. privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000, the Commerce Department announced Wednesday.nThis is 5.3 percent below the revised August estimate of 1,268,000, but is 3.7 percent above the September 2017 rate of 1,158,000.

Source: Xinhua| 2018-10-10 23:49:33|Editor: yan

BEIJING, Oct. 10 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Wednesday called for efforts to improve the country's ability to safeguard against natural disasters, and fully launch the planning and construction of the Sichuan-Tibet railway.
Xi, also Chinese president and chairman of the Central Military Commission, made the remarks at the third meeting of the Central Committee for Financial and Economic Affairs. He is also head of the committee.