China pledges $20 billion for Africa
Thursday, 19 July 2012 00:45 Lagu Francis Regional >>> . China has pledged USD $20bn in credit for Africa to boost relations and increase trade on the continent. According to the BBC, the Chinese President, Hu Jintao made the announcement at a summit in Beijing with leaders from 50 African nations, as he called for better co-operation with African countries on international affairs. He said the loans would support infrastructure, agriculture and the development of small businesses in Africa. The loan has doubled the previous three-year loan in 2009 and since then, China has been Africa's largest trading partner. Trade between China and Africa reached a record high of USD $166bn in 2011, accrding to the Chinese Commerce Minister Chen Deming. -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
