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Chinese Foreign Ministry spokesman Lu Kang made the announcement at a daily press briefing Friday.

"These include investments in transport infrastructure development and capacity building. This has enhanced Africa's capability in moving goods and services. This level of support has existed for decades and is not a new trend as some may have us believe," he said.

Xi's attendance at the Group of Twenty (G20) summit in Antalya and the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Manila was very productive and demonstrated China's sincerity in and constructive attitude towards promoting global growth and advancing Asia-Pacific cooperation, said Chinese Foreign Minister Wang Yi.

Earlier Friday, the two-day summit was kicked off with a widely-watched speech made by the Chinese president.

Beijing should proceed from China's actual conditions, recognizing the current historical phase, handle the relationship between economic growth and social development, along with the well-being of society.