Details were vague but the $60 billion included $15 billion in grants, interest-free loans and concessional loans, $20 billion in credit lines, and a $10 billion special fund for development financing.
China will this week host a forum where development projects for the next three years will be discussed.
Cheng said huge potential also existed for more agricultural imports from Africa. He announced a $60 billion funding package to African countries, some of which is yet to be fully implemented.
Last year, 628,000 African tourists visited China, 4.4 per cent more than 2016, while over a million Chinese travelled to Africa.
FOCAC should "work to balance the structure of trade between Africa and China", he said.
Established 18 years ago, FOCAC has achieved fruitful results and has become a significant mark of China-Africa cooperation. Foreign direct investment has grown even faster over the past decade, at about 40 percent a year, it found.
However, critics say Xi's project is burying some countries under mountains of debt. "We hope the ICC can prudently handle the relevant issue", Foreign Ministry spokeswoman Hua Chunying told reporters. "Resources for our cooperation are not to be spent on any vanity projects, but in places where they count the most". At that event, China pledged support to Africa's development.
Analysts have raised concerns about African countries, many of which are subject to the whims of commodity markets, not being able to repay Chinese loans.
He pledged, without giving details, that China would set up a peace and security fund and a related forum, while continuing to provide free military assistance to the African Union.
President Kenyatta's discussions are also expected to advance Kenya's shift away from pure debt financing with new emphasis being placed on Private Public Partnerships and the need to explore innovative off-balance sheet financing for the country's infrastructure needs.
He said the forum "refutes the view that a new colonialism is taking hold in Africa as our detractors would have us believe" because there was evidence of "tangible and lasting benefits to the African and Chinese people".
"The reality is that Chinese debt as a percentage of total African debt is still relatively small", said Kenny Fihla, Standard Bank's chief executive for corporate banking.
Also, Minister of Industry, Trade and Investment Okechukwu Enelamah, Minister of Budget and National Planning Udoma Udo Udoma, Minister of Water Resource Suleiman Adamu, Minister of State, Petroleum Resources Ibe Kachikwu and Minister of State, Aviation Hadi Sirika, are in China for the summit. Since independence, no country has helped our country on infrastructural development like the Chinese.
These African leaders will be treated like kings, fed plenty Chinese curry, alcohol and given all sorts of toys and tokens while the Chinese looks at their begging bowls and how to further suffocate them with debt.
Ice Cube responded Monday to a fan who tweeted about the shooting that took place at the Del Mar Fairgrounds last night. The alleged shooter was reportedly taken down by police before being rushed to hospital with gun shot wounds.
In terms of meaningful consultation with First Nations regarding the project, Dreeshen feels many were on board with the project. Hundreds - including two federal MPs - have been arrested for blocking the entrance of a facility belonging to Trans Mountain.
She said she believes new mothers should be more prepared for the fact that it can take time to recover from childbirth. This match was filled with big hitting by both women, along with all manner of shifts in momentum and quality of play.
Yet even Turkey - which once supported the group as it sought to topple Assad - is unlikely to put much skin in the game. The United Nations has called on Russia, Iran and Turkey to delay a battle that could affect millions of civilians.
Capitol in Washington , D.C. on Friday, where his family, colleagues, staff and the public will honor his life and service. Senate Majority Leader Mitch McConnell, House Speaker Paul Ryan and Vice President Mike Pence are expected to speak.
It was located 1,230 miles (1,980 miles) east-southeast of Hilo, Hawaii and was moving west at 13 mph (20 kph). A hurricane warning indicates that tropical-storm-force winds of at least 74 mph are expected within 36 hours.
The Press Association reports that a spokesman for Channel 5 said the other housemates had been informed of Pallett's decision. On Saturday morning, the CBB Twitter account announced that Pallett had made a decision to leave the Big Brother house.
On Capitol Hill, his desk on the Senate floor was draped with a black cloth, and adorned with white roses. He was silent later when reporters tried again during a meeting with Kenyan President Uhuru Kenyatta.
Tallahassee has seen a spike in homicides, but its overall crime rate has declined, although it remains the highest in the state. And that hope now rests with a progressive candidate who could become the first black governor in Florida's history.
But the album's biggest draw card is Eminem's track for upcoming sci-fi flick Venom , which stars Tom Hardy and Michelle Williams. He said: "That word, those kind of words, when I came up battle-rappin' or whatever, I never really equated those words".
South Korean President Moon Jae-in on Thursday (Aug 30) nominated the head of the Joint Chiefs of Staff as defence minister. But in his tweets, Trump also signaled that the USA has its own military means of exerting pressure on Pyongyang.
Obama, Bush mourn former rival McCain at Washington service
But it was his military service, punctuated by years as a prisoner of war in North Vietnam, that molded McCain's political life. The procession was highlighting what McCain found important, some of which contrast with Trump's style and priorities.
What to Do If Someone Rings Your Doorbell Overnight
The Montgomery County Sheriff's Office has released the footage online hoping that someone might identify the woman . One of the neighbors had a system called Ring installed, which is a video doorbell and security system.