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China Offers $60 Billion in Loans, Aid to Africa

China is offering $60 billion in loans and aid to Africa to spur development, in the latest sign of Beijing's deepening ties to the continent. Chinese President Xi Jinping announced the package Friday at the Forum on China-Africa Cooperation (FOCAC) summit in Johannesburg. Xi also pledged non-interference in regional politics, saying "China strongly believes Africa belongs to the African people and African problems should be handled by the African people." Western...

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