China pledges $10bn Africa loans

China pledges $10bn Africa loans

China has cultivated strong economic ties with Africa

China has pledged to give Africa $10bn (£6bn) in concessional loans over the next three years, Chinese Premier Wen Jiabao has said at a summit in Egypt.

The Chinese leader is attending a two-day forum on China-Africa cooperation in Sharm el-Sheikh, attended by officials from 50 nations.

"We will help Africa build up financing capacity," Mr Wen told the summit.

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