China's significance to the continentpublished at 11:13
The $60bn (£40bn) pledge from China to fund development projects underlines the significance that the country has on the continent.
The fact that more than 30 heads of state are at the Johannesburg summit is also evidence of this.
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China is by far Africa's largest single trading partner accounting for $222bn in 2014 in comparison to US trade which amounted to $73bn.
China-Africa researchers at Johns Hopkins University, external in the US have put together this table of China's biggest trading partners on the continent:
But as London's Financial Times reports, external the economic slowdown in China - and lower commodity prices - has caused a 32% contraction in the value imports from Africa over the past year.
When it comes to foreign direct investment, however, money from China is still not as big as investment from elsewhere, as Wits University reports, external.