Africa: China Cancels Africa's Debts

Beijing has fulfilled its commitment to Africa by cancelling 31 African countries' debts totalling US $1.27 billion. During the second China-Africa trade summit held this week in Ethiopia, China said it would provide enhanced support for Africa, without any political discrimination. Both African and Chinese delegates agreed that there was vast potential for growth in trade between China and Africa, and that this was vital for Africa's development.