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Xi Announces $ 60<br />
Billion of ‘Funding<br />
Support’ for Africa<br />
Johannesburg: Chinese President Xi Jinping<br />
announced Friday that the country will pledge a new round<br />
funding support to Africa’s development worth $60 billion.<br />
Jinping declared it held in a seminar for African leaders.<br />
“China decides to provide a total of $60 billion of funding<br />
support that includes $5 billion of grants in zero interest<br />
loans (and) $35 billion in preferential facility and export<br />
credit loans and concessional loans”, he said.<br />
January 2017 32
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