China promised a credit of USD20 billion to Africa

Note: This section contains information in English only.
Source: BBC
During a summit organized in Beijing, China's Head of State, Hu Jintao, made a pledge of USD 20 billion to Africa with a three-year maturity and would aid SMEs, agriculture etc. This would also strengthen the relationship on the international level. The commerce between China and Africa has bloomed, in 2011 their trade reached USD 116 billion, as reported by Commerce Minister Chen Deming.
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Thu, 19 Jul 2012 09:37:17 GMT

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