China’s Hu Pledges $20 Billion in Loans to African Nations
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Chinese President Hu Jintao pledged $20 billion in new loans to Africa for infrastructure and manufacturing, promising to expand the relationship between the continent and its largest trading partner.
China will also offer 18,000 government scholarships and send 1,500 medical staff to the continent, Hu said in a speech yesterday at the Forum on China-Africa Cooperation in Beijing. He promised China will play a “positive and constructive role in African affairs.”