China will provide $3 billion in loans and $2 billion in preferential export buyer's credit to African countries in the next three years. Another $5 billion china-africa development fund was established.

At the same time, China will cancel the government interest-free loan debts of all "heavily indebted poor countries" and least developed countries in Africa due at the end of 2005.

Hu Jintao announced that in order to promote the development of China-Africa new strategic partnership, the China government will adopt the following eight policy measures:

Expand the scale of aid to Africa. By 2009, China's aid to African countries will increase by 1 times compared with 2006.

In the next three years, we will provide African countries with $3 billion in preferential loans and $2 billion in preferential export buyer's credit.

To encourage and support China enterprises to invest in Africa, the china-africa development fund was established with a total fund of 5 billion US dollars.

In order to support the process of unity, self-improvement and integration of African countries, we will assist in the construction of the African Union Conference Center.

All African heavily indebted poor countries and least developed countries that have diplomatic relations with China will forgive their government interest-free loan debts due at the end of 2005.

We will expand the number of goods benefiting from zero tariff treatment for goods exported to China from African least developed countries with diplomatic relations with China from 190 to more than 440.

Three to five overseas economic and trade cooperation zones will be established in African countries in the next three years.

In the next three years, all kinds of talents will be trained for Africa10.5 million people; Send 100 senior agricultural technical experts to Africa; Establish 10 characteristic agricultural technology demonstration centers in Africa; Aid 30 hospitals in Africa, grant 300 million yuan to help Africa prevent malaria, provide artemisinin drugs and set up 30 anti-malaria centers; Send 300 young volunteers to Africa; Aid Africa 100 rural schools; Before 2009, the number of scholarships provided by the China government to African students will increase from the current 2,000 to 4,000 per year.

Preferential credit is not only beneficial to Africa's development, but also helps China enterprises to develop their exports to Africa. Setting up a development fund and building an economic and trade cooperation zone can be regarded as one of the means to encourage China enterprises to "go global".