FOCAC: Beyond the Numbers

December’s Forum on China Africa Cooperation (FOCAC) has been and gone, and the eagerly-awaited list of numbers has been released, digested, and analysed. China’s commitment of US$60 billion in financing for development across Africa is triple the amount pledged at the last summit three years ago, according to several mainstream media reports. Other calculations put this figure at closer to a 50%  increase in financial commitment. And, while it is this magic number that has since hogged the limelight, China’s important second policy toward Africa was released too.

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