Saturday, December 5, 2015

China’s Xi Pledges $60 Billion for Africa Development Over Three Years

China’s President Xi Jinping on Friday pledged $60 billion in financing for development across Africa, aiming to reaffirm his country’s commitment to the continent despite the economic turmoil caused by slowing growth of the world’s second-largest economy.

China’s trade with Africa grew to $222 billion last year, making it the continent’s top trade partner for the sixth straight year.  

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