China pledges $20bn credit for Africa at summit

19 July 2012 Last updated at 16:59 ET Help

China has pledged $20bn (£12.8bn) in credit for Africa over the next three years, in a push for closer ties and increased trade.

President Hu Jintao made the announcement at a summit in Beijing attended by leaders from 50 African nations.

He said the loans would support infrastructure, agriculture and the development of small businesses.

John Sudworth reports from Shanghai

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