Funds will back concrete proposals to boost cooperation in next three years, president says

President Xi Jinping has announced assistance and loans totaling $60 billion for Africa to help the continent address its top three difficulties: infrastructure, talent and funding.

At the opening ceremony on Friday of the Forum on China-Africa Cooperation Summit, Xi said the funding plan was announced to ensure that China rolls out 10 concrete plans for cooperation in the next three years to help boost African development.