China puts $46 billion into Africa's economy

Officials from both sides meet in Beijing to discuss achievements since December summit

Beijing's cooperation with Africa has been dominated by commercial deals instead of aid in the past, with $46 billion in direct Chinese investment and commercial loans having been signed since December, Chinese officials said.

"At present, Chinese aid to Africa makes up only a very little part of our cooperation. ... Investment cooperation has been the main avenue of China-Africa cooperation," Foreign Minister Wang Yi said on Friday.