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Mr. Xi offered the funding at the start of a two-day China-Africa summit that focused on his cherished Belt and Road initiative. The money — to be spent over the next three years — comes on top of $60 billion Beijing offered in 2015.The massive scheme is aimed at improving Chinese access to foreign markets and resources, and boosting Beijing’s influence abroad.

Source: Xi Jinping offers $60 bn Africa aid, says ‘no strings attached’ – The Hindu

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