On August 20, Greece formally exited the international financial rescue programs introduced by the European Union (EU) after eight years of bailout programs, demonstrating that it does not need to rely on foreign aid to support its own sustainable development. It was an important signal that the country with the heaviest public debt and the first to be bailed out was nearing the end of its debt crisis.
FOCAC has been an important engine for China-Africa collaboration, promoting cooperation in trade, investment, project contracting, cultural exchanges, finance and security. It also becomes an important platform for China and Africa to enhance cooperation under the framework of the Belt and Road Initiative in the new era. The Beijing Summit adopted the Beijing Action Plan (2019-2021), drawing the roadmap for China-Africa cooperation in the upcoming years.