"Given the complex and changing worldwide situation and the development of individual countries, China-Africa wisdom and solutions that can be helpful to global governance are expected from the summit", Li Dan said.
President Muhammadu Buhari on Saturday arrived Beijing to attend the Beijing Summit of the Forum on China-Africa Cooperation holding between September 3 and 4.
"For three years, cooperation between China and Africa has deepened and political mutual trust promoted", said Li Dan.
Xi said the financing would be in the form of government help as well as investment and funding by institutions and companies.
At the last forum, held in Johannesburg three years ago, Xi had also pledged $60 billion in investment. The discussions will also cover financing for the Western Bypass in Nairobi.
Beijing is increasingly facing criticism over its debt-heavy projects overseas. Furthermore, an increase of $5bn would be added to the China-Africa Development Fund and Special Loans for the Development of Africa.
But critics say that, with many of its infrastructure projects, China is luring needy countries into "debt traps".
It is a vision of an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the worldwide arena.
Dr Moyo is head of a delegation which was attending the Seventh Ministerial Conference of the Forum on China-Africa Cooperation (Focac) which ended here yesterday.
With all these developments, Africa Beyond Aid crusader Paul Kagame, President of Rwanda, maintains that "Africa is not a zero sum game".
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"China dreams of national renewal, and Africa of unity and invigoration; and a day will come when both aspirations will be achieved", said Xi. China's investments in Africa have also grown significantly.
"It is through platforms like [this forum] that we should work to balance the structure of trade between Africa and China", Ramaphosa said.
Xi announced the upgrading of the Sino-African Strategic Partnership to a Comprehensive Strategic Cooperative Partnership, guided by the principles of "sincerity, real results, affinity and good faith".
Through the scheme, China has lent billions of dollars to countries in Asia and Africa for roads, railways, ports and other major construction projects.
Over the last two decades, China has gone from being a relatively small investor in Africa to becoming the continent's largest economic partner, with bilateral trade growing at about 20 percent annually, according to a report from McKinsey, the consultancy, last year. "We want to provide young Africans with more training and job opportunities", he said.
Ramaphosa said the Sino-African relationship was "premised on the right of African people to determine their own future [towards] an Africa we want, where the guns would have been silenced and all its people live in peace and security". "China exports to us what it makes in its factories".
Under the China-Africa Industrialisation plan, Beijing promised to build or upgrade a number of industrial parks and set up regional vocational education centres and schools for capacity building. "In West Africa, there has already been state-led efforts to boost soybean production".
China has provided aid to Africa since the Cold War period, but Beijing's presence in the region has grown exponentially with its emergence as a global trading power. Aside from Mauritius, no other African country has an Free Trade Agreement with China.
Sun Baohong, Chinese ambassador to Kenya, said late August that China has become one of the most favorable destinations for Kenyan students.