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China offers Africa US$60b 'funding support'
Move signals its commitment despite a recent slide in investment
Add BT as a preferred sourcePublished Fri, Dec 4, 2015 · 09:50 PM
Johannesburg
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, triggering a global commodities slump and causing Beijing to slash investment in Africa by more than 40 per cent in the first six months of 2015.
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