By Lisa Vives, Global Information Network
NEW YORK (IDN) – There are two sides to every coin and two widely opposing views on China's offer of generous loans and grants to African countries announced at the recent China-Africa Cooperation Forum in Beijing.
At the conference, with representatives from 53 of 54 African countries, sky-high numbers were bandied about. Chinese President Xi Jinping announced $60 billion in funds for eight initiatives over the next three years, in areas ranging from industrial promotion, infrastructure construction and scholarships for young Africans.