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China pledges $10 billion in low-cost loans to Africa

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SHARM EL-SHEIKH, EGYPT — Wen Jiabao, China’s premier, has pledged $10 billion in new low-cost loans to Africa over the next three years and has defended his country’s engagement on the continent against accusations that it is “plundering” the region’s oil and minerals.

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admin @ November 10, 2009

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