11:47 (03:47)â˘Xi Proposes China-Africa Modernization Partnership at FOCAC Summit
â¨The China headlines predominantly focus on President Xi Jinping's participation in the Forum on China-Africa Cooperation (FOCAC) summit in Beijing. Xi proposed action plans for joint modernization with Africa, pledged market opening, and job creation (CCTV, China Daily, Global Times, Xinhua). The summit concluded with significant achievements, emphasizing strengthened China-Africa relations. Xi held bilateral talks with African leaders, including Madagascar's president (Beijing Daily). In economic news, two major Chinese securities firms, Guotai Junan and Haitong, are set to merge (Caixin Global), while Tencent and Alibaba reportedly cooperate on payment systems (Economic Observer).