In Johannesburg China pledges $60 billion for African development

President Xi Jinping said the package would include zero-interest loans as well as scholarships and training for people of Africa.

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Xi Jinping , President of the People's Republic of China during the China-Africa corporation summit play

Xi Jinping, President of the People's Republic of China during the China-Africa corporation summit

(BBC)
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According to media reports, China has announced that it will donate $60 billion worth of assistance and loans to help with the development of Africa.

China's Xi cheers African leaders with pledge of $60 bln development aid play

China's Xi cheers African leaders with pledge of $60 bln development aid

(Reuters)

 

BBC reports that President Xi Jinping said the package would include zero-interest loans as well as scholarships and training for people of Africa.

READ: China names Bank of China as yuan clearing bank

The Chinese president made the announcement at a major summit between China and Africa which held in Johannesburg.

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