Wen Jiabao, China's premier, has pledged $10bn in new low-cost loans to Africa over the next three years and defended China's engagement against accusations it is "plundering" the continent's oil and minerals.
Mr Wen's pledge at a China-Africa summit in Egypt on Sunday came as he urged the US to keep its deficit at an "appropriate size" to ensure the "basic stability" of the dollar.
The loan pledge was double a commitment made in 2006 and came during a summit at which delegates from both sides stressed their ties go beyond the Chinese acquisition of raw materials.
Mr Wen told a press conference: "There have been allegations for a long time that China has come to Africa to plunder its resources and practice neo-colonialism. This allegation in my view is totally untenable."
CNN
09/11/2009
Dez Mil Milhões de Dólares da China para África
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