African deals worth $18 billion sealed

More than 40 deals worth $18 billion were signed in Beijing on Thursday between Chinese and African businesses and financial institutions.

The agreements, signed during a China-Africa Business Cooperation seminar, cover infrastructure construction, energy and manufacturing.

They were reached on the eve of a coordinators' meeting that aims to implement follow-up action on the Johannesburg Summit of the Forum of China-Africa Cooperation held in December.