BBC News – China Pledges $20 Billion In Credit For Africa At Summit – 19 July 2012

Mr Hu called for better co-operation with African countries

China has pledged $20bn (£12.8bn) in credit for Africa over the next three years, in a push for closer ties and increased trade.

President Hu Jintao made the announcement at a summit in Beijing with leaders from 50 African nations.

He said the loans would support infrastructure, agriculture and the development of small businesses.

The Chinese leader also called for better co-operation with African countries on international affairs.

Read the whole story at http://www.bbc.co.uk/news link to original article

Comments are closed.