In June this year, the 4th China-Africa Economic and Trade Expo (hereinafter referred to as the "Expo") will open in Changsha, Hunan. As a new mechanism for China-Africa economic and trade cooperation, a new platform for implementing practical cooperation measures, and a new window for local-level economic and trade engagement with Africa, this Expo has become a "golden brand" for deepening mutually beneficial cooperation and continuously injecting new momentum into China-Africa pragmatic collaboration. According to Assistant Minister of Commerce of China, Mr. Tang Wenghong, China-Africa economic and trade cooperation has achieved continuous new progress over the past years. In 2024, China-Africa trade volume reached $295.6 billion, setting a record high for the fourth consecutive year. China has maintained its position as Africa's largest trading partner for 16 consecutive years, with imports from Africa reaching $116.8 billion, increased by 6.9%, and exports to Africa totaling $178.8 billion, increased by 3.5%. These figures represent the fruitful outcomes of pragmatic and mutually beneficial cooperation between China and Africa. At the opening ceremony of the 2024 Beijing Summit of the Forum on China-Africa Cooperation, Chinese President Xi Jinping announced that China is willing to unilaterally expand market openness and has decided to grant zero-tariff treatment to 100% of product categories for all least-developed countries with diplomatic ties to China, including 33 Af...
The 4th China-Africa Economic and Trade Expo will be held in Changsha from June 12 to 15. At a press conference held by the State Council Information Office on the 21st day, Tang Wenghong, Assistant Minister of Commerce of China, stated that this is one of the most significant economic and trade exchanges between China and African countries this year. Over the past years, China-Africa economic and trade cooperation has continuously achieved new progress. In 2024, China-Africa trade volume reached $295.6 billion, with a year-on-year increase of 4.8%, setting a new historical record for the fourth consecutive year. China has maintained its position as Africa’s largest trading partner for 16 consecutive years. China's imports from Africa reached $116.8 billion (up 6.9%), while exports to Africa totaled $178.8 billion (up 3.5%). Investment momentum continues to build. The recent years witnessed Chinese enterprises' increased construction and investment in various African economic and trade zones, advancing industrial chain cooperation and making significant contributions to local tax revenues, employment and export earnings. For instance, in Egypt, the Suez Economic and Trade Cooperation Zone developed by Chinese enterprises has formed industrial clusters in textiles, glass, building materials and home appliances, serving as a successful model for Africa’s industrialization. In Tanzania, the East Africa Trade and Logistics Industrial Park developed by Chinese enterprises has attr...
The Article states that in the current complex and ever-changing international landscape, the comprehensive strategic partnership between Africa and China, particularly between Nigeria and China, stands as a powerful testament to their unwavering commitment to mutual respect and joint efforts in building a community with a shared future for mankind. Over the past few decades, the friendly exchanges between China and Africa have evolved into mutually beneficial cooperation, tangibly transforming the lives of millions across the African continent. The Article specifically highlights that China-Africa cooperation has achieved particularly remarkable results in infrastructure construction, job creation and economic growth promotion. China's efforts to improve Africa's critical infrastructure far exceed those of other nations, having constructed nearly 100,000 kilometers of roads and over 10,000 kilometers of railways in Africa, connecting local communities, facilitating trade flows, and stimulating economic growth. In just the past three years, Chinese enterprises have created over 1.1 million jobs across Africa. These achievements highlight the significance of China's initiatives, transcending mere statistics to reflect tangible improvements in the lives of African people. In 2024, China-Africa trade volume reached a remarkable CNY 2.1 trillion, with a 6.1% year-on-year increase, grown over 24-fold since the inception of FOCAC. The Article emphasizes that the comprehensive strat...