Worldcrunch
A spectacular summit is being held in Beijing, with almost all African leaders paying heed to President Xi Jinping, who has pledged another $50 billion to the Continent. The investment in Africa is a boost in Xi’s global influence and an insurance policy in China’s new Cold War with the U.S.
Peru’s President Dina Boluarte is traveling to China to fine tune free trade with this vital, if overbearing, business partner. It will also help her flee the deep and wide popularity among Peruvians.
As France embarks on its third military intervention in Africa in the past three years, in the Central African Republic, a search for the sources of a continent’s perennial instability.
The death of Hugo Chavez, who propped up Venezuela with oil profits, is another reminder that Latin America needs to look for economic development beyond natural resources.