Loans | China Offers Africa $20 Billion In Loans

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BEIJING (Reuters) - Chinese President Hu Jintao on Thursday offering $20 billion in loans to African countries over the next 3 years, twice what it offering is to previous three-year period.

Hu done the statement in a debate to African leaders in Beijing at a zenith hold every 3 years.

In 2009, Chinese Premier Wen Jiabao betrothed Africa $10 billion in concessional loans , whilst Hu denounced $5 billion in loans and credit at the 2006 summit.

(Reporting by Ben Blanchard ; Editing by Jason Subler )

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