Tag: arbitration of the South China Sea disputes

China’s Xi pledges $60 billion for African development at summit

BEIJING, China (AFP) — Chinese President Xi Jinping pledged Monday to provide $60 billion in financing for Africa’s development over the next three years at a summit with leaders from the continent. The financing will include $15 billion in “free assistance and interest-free loans”, he said, in remarks meant to ease growing concerns that China’s assistance to developing nations is miring them in debt. © Agence France-Presse