Beijing's cooperation with Africa has been dominated by commercial deals instead of aid in the past, with $46 billion in direct Chinese investment and commercial loans having been signed since December, Chinese officials said.

July 30, 2016

"Beijing's cooperation with Africa has been dominated by commercial deals instead of aid in the past, with $46 billion in direct Chinese investment and commercial loans having been signed since December, Chinese officials said.

'At present, Chinese aid to Africa makes up only a very little part of our cooperation. ...Investment cooperation has been the main avenue of China-Africa cooperation,' Foreign Minister Wang Yi said on Friday.

Wang made the remarks to reporters on the sidelines of a meeting in Beijing on delivering what was agreed on at the Johannesburg Summit of the Forum on China-Africa Cooperation."

Read more:

http://www.chinadaily.com.cn/china/2016-07/30/content_26277889.htm