China offers $8 billion loan to South Sudan

First Published: April 29, 2012 | Last Updated:August 10, 2014

China has offered $8 billion in loan to South Sudan to fund a broad range of infrastructure projects over the next 2 years. The funds would be used to build roads, bridges and telecom network. China wants to maintain good relations both with Sudan, its established friend and with the South Sudan which became independent in 2011.