China’s president Xi Jinping has announced a funding support of $60 million to Africa at a summit in Johannesburg for development purposes which includes $5 billion of grants in zero interest loans (and) $35 billion in preferential facility and export credit loans and concessional loans.
- Chinese president also announced drought aid for the continent.
- It is seen that inspite of the slow growth of the Chinese Economy, China’s commitment to Africa will continue and it will be focused on 10 projects over the next three years.
Key Points:
- China’s Capital: Beijing
- South Africa’s President: Jacob Zuma
- South Africa’s Capital: Pretoria
No comments:
Post a Comment