China and South Africa in $6.5bn worth of deals

China and South Africa have signed deals and loans valued at $6.5bn (£4.3bn), with the focus on building infrastructure in the African giant.

The deals were announced during a four-day visit by Chinese President Xi Jinping to increase trade and investment between the two countries.

About 26 deals were signed on Wednesday, with $2.5bn going to South Africa’s state-owned rail operator.

China has given a series of loans to African countries for development.

Read more » BBC
See more » http://www.bbc.com/news/business-34991846

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