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China offers Africa US$60b 'funding support'

Move signals its commitment despite a recent slide in investment

SINO-AFRICA TIES: Mr Xi, Mr Zuma and Mr Mugabe at the Forum on China-Africa Cooperation in Johannesburg on Friday. The meeting is the second time China has brought together African leaders since the forum was launched in Beijing in 2000.


CHINESE President Xi Jinping announced US$60 billion of assistance and loans for Africa at a summit in Johannesburg on Friday, signalling China's commitment to the continent despite a recent fall in investment.

China's economic growth has taken a dip this year,...