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Business daily

China defends loan policy as third China-Africa summit kicks off

China rolls out the red carpet to welcome African leaders as it hosts the third Forum on China-Africa Cooperation summit. Amid increasing criticism over its policy to lend billions of dollars to African economies which may struggle to repay them, President Xi Jinping insists there are "no strings attached" to Chinese investment. Meanwhile, some African governments are pushing for the yuan to replace the US dollar - our correspondents in Nigeria report.

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