News Snapshot:
U.S. to announce $52 billion chips funding deal Chinese contractors win majority of mega projects in Africa Beijing [China], May 17 (ANI): Despite accusations of debt-trap diplomacy by Beijing, Chinese companies are winning a majority of mega projects in Africa and account for a large chunk of the revenue of all the major international contractors in the continent. Chinese construction and engineering contractors "have attained a dominant position in the African market" and were winning larger-scale or technically more demanding projects, which domestic contractors could not do, said Hong Zhang, a researcher at the Schar School of Policy and Government...
