AT THE CHINA-AFRICA SUMMIT
China’s Xi pledges $60B for African development
Chinese President Xi Jinping. AP Photo
BEIJING – Chinese President Xi Jinping pledged Monday to provide $60 billion in financing for Africa’s development over the next three years at a summit with leaders from the continent.
The financing will include $15 billion in “free assistance and interest-free loans,” he said, in remarks meant to ease growing concerns that China’s assistance to developing nations is miring them in debt. /kga
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