China's Xi offers another $60 billion to Africa, but says no to 'vanity' projects


  • World
  • Monday, 03 Sep 2018

Chinese President Xi Jinping speaks during the High-level Dialogue between Chinese and African Leaders and Business and Industry Representatives at the sixth China-Africa Entrepreneur Conference at the Beijing National Convention Center in Beijing, China September 3, 2018. Lintao Zhang/Pool via REUTERS

BEIJING (Reuters) - Chinese President Xi Jinping offered another $60 billion (£46.5 billion) in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going towards "vanity projects".

Speaking at the opening of a major summit with African leaders, Xi promised development that people on the continent could see and touch, but that would also be green and sustainable.

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