19.07.2012 - 18:48 [ Guardian ]

China offers $20bn of loans to African nations

Hu Jintao, the Chinese president, promised the credit line – double the amount China pledged for the previous three-year period in 2009 – on Thursday during the opening ceremony of the Forum on China-Africa Co-operation in Beijing.

China‘s non-judgmental approach to business continues to gain traction with African governments, who say they will no longer tolerate being lectured by a hypocritical west that includes their former colonial masters.