China defends plans to spend $60bn in Africa over three years

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Beijing’s investments in the developing world are coming under increasing scrutiny

Chinese officials have been forced to defend plans to spend as much as $60bn (£46.8bn) in investment, aid and loans in Africa over the next three years, after accusations the plan could saddle developing nations with too much debt.

The Chinese president, Xi Jinping, announced the figure in Beijing at the Forum on China-Africa Cooperation, which is held every three years. In a break with a trend in which the amount increased at each meeting, this is the same sum as was pledged at the last summit in South Africa.

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Source: china
Link : China defends plans to spend bn in Africa over three years

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