China to give $60bn in support to Africa

President Xi Jinping says China will provide $US60 billion ($A83 billion) in financial support to Africa and will expand its imports from there.

China will provide $US60 billion ($A83 billion) in financial support to Africa, President Xi Jinping has said at the opening of a major China-Africa summit.

The support will be provided in the form of government assistance as well as investment and financing by financial institutions and companies, Xi said in a speech carried live on state television on Monday.

China will also expand its imports from Africa, especially for non-resources products, and will facilitate African financial institutions’ bond issuances in China, Xi added.

 

 

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Source:news.com
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