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China pledges $60 billion in development support for Africa

Chinese President Xi Jinping (L) and South African President Jacob Zuma (R) shake hands before a press conference at the Union Buildings in Pretoria on December 2, 2015. PHOTO | KAREL PRINSLOO |

China President Xi Jinping on Friday announced his country would assist African states with loans to the tune of $60 billion.

He made the announcement when he addressed delegates at the Forum on China-Africa Cooperation (FOCAC) in Sandton, Johannesburg.

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