BEIJING -- Chinese President Xi Jinping offered Africa $60 billion in economic support at a summit that opened here on Monday, seeking to win over countries amid ongoing trade frictions with the U.S.
This year's Forum on China-Africa Cooperation brings together 53 African countries, represented by heads of government and senior officials. The aid announced by Xi includes $15 billion in grants, interest-free loans and concession loans, as well as at least $10 billion in investments by Chinese companies.
