Eritrea borrowed $3 million in 1994 to buy Chinese agricultural machinery. In 2001, China canceled Eritrea's debt by granting Eritrea a grant for the same amount.[4] China has financed a number of development projects, including a 200-bed hospital in the Eritrean capital of Asmara.[5][6] In April 2006, China granted Eritrea a loan of $23 million to improve communication infrastructure.[1][7] In January 2007, China and Eritrea signed economic deals, which included the removal of tariffs on Eritrean products imported to China, the partial cancellation of Eritrea's debt to China and an extension of Chinese technical assistance to Eritrea, particularly in the health sector.[1]
Visits
In 2001, Chinese vice-minister for foreign trade and economic cooperation, Zhou Keren, visited Eritrea on a 3-day visit.[5] In early 2007, Chinese foreign minister Li Zhaoxing visited the country as part of a tour of Africa.
Chinese foreign minister Wang Yi traveled to Asmara on January 4-5, 2022. The Chinese FM met with Eritrean foreign minister and President of Eritrea at the State House in Asmara. Eritrea in 2021 signed an agreement on the BRI. Both countries in 2022 agree to a massive economic development deal, the first in Eritrea. Eritrean President visited China on an official state visit in spring of 2023. Eritrean & Chinese leaders held talks. Eritrean President visited corporate infrastructure companies and investment firms.
^Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China's Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development. http://aiddatachina.org/projects/495Archived 2013-06-28 at archive.today
^Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China's Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development. http://aiddatachina.org/projects/493Archived 2013-06-28 at archive.today
^Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China's Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development. http://aiddatachina.org/projects/564Archived 2013-06-28 at archive.today