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China promises billions in aid, loans to Africa

Sun, 2009-11-08 04:33 — Robyn

Pledges, part of China's growing push in continent, watched warily by West

SHARM EL-SHEIK, Egypt - China's premier on Sunday pledged $10 billion in concessional loans to African nations over the next three years and said Beijing would cancel the government debts of some of the poorest of those countries, as the Asian powerhouse looked to deflect criticism that its investments in the continent were motivated purely by greed.

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