China is hosting African leaders in a lavish display of its global ambition
Briefly

'This summit occurs amid intensifying strategic frictions between China and the West, especially the United States,' Ali Wye of the US think tank Crisis Group told Business Insider.
'China fuels African growth, but not for free. For decades, China's rulers built alliances with African nations, portraying them as engaged in a common struggle against the legacy of Western colonialism.'
'The Forum on China-Africa Cooperation, held in Beijing, is the biggest diplomatic summit in China in recent years, with 53 African heads of state in town.'
'China's investment in Africa has dropped sharply in recent years amid domestic economic woes, while the US seeks to catch up amid an intensifying race for global dominance.'
Read at Business Insider
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