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Chinese companies ink US$1.9b pacts with Africa
BEIJING - A number of Chinese companies on Sunday inked deals with African governments and firms worth US$1.9 billion (euro1.49 billion), Chinese state media reported.
The 16 agreements were signed at the conclusion of a conference of Chinese and African entrepreneurs, the official Xinhua News Agency said, without giving details.
The conference was held on the sidelines of a two-day forum attended by dozens of African leaders aimed at boosting ties between the two sides.
Beijing on Saturday pledged billions of dollars (euros) in aid and loans to Africa. African leaders at the meeting said Saturday they welcomed Chinese investment and business ties.