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China-Africa Economic and Trade Expo: A lasting trade relationship


BEIJING, July 23, 2019 /PRNewswire/ -- A news report by China.org.cn on China-Africa Economic and Trade Expo:

The China-Africa Economic and Trade Expo was held last month. Today, let's take a look at some figures that highlight the significance of this event.

As an important trade platform under the mechanism of the Forum on China-Africa Cooperation, the Expo was attended by more than 700 companies from 53 African countries, 150 state-owned Chinese enterprises and their subsidiaries, and more than 800 Chinese private companies. The Expo also saw more than 100,000 visitors.

China and Africa signed 81 documents of cooperation worth a total of more than 20 billion US dollars during the Expo. The documents cover not only projects in traditional areas of Sino-African cooperation, such as agriculture, mining, energy, infrastructure, industrial gardens and trade, but also those in high-end manufacturing, e-commerce, aviation service, tourism and cultural affairs, all of which represent the future of China-Africa cooperation.  

Why is the Expo such a success?

Robust growth in bilateral trade is the primary reason. The trade volume between China and Africa reached 204.2 billion US dollars in 2018, a year-on-year increase of 20%. China has been Africa's biggest trading partner for ten consecutive years. In 2013, Chinese President Xi Jinping declared that China and Africa are a community with a shared future and stated that the two will remain reliable friends and faithful partners forever, supporting and helping each other. 

The location of the Expo also played a role as Hunan enjoys an enduring friendship with Africa, taking into account the facts that Hunan has hosted major African trade events for the past four consecutive years. Trade between Hunan and Africa, as well as Hunan's investment in Africa, have been growing at more than 30% for four straight years. It's no small wonder that the biennial Expo has decided on Hunan as its venue for years to come. 

Although the Expo lasted only three days, the curtains were never really drawn on the event. Both the Online China-Africa Economic and Trade Expo, launched before the event, and the Hunan (Gaoqiao) African Commodity Trade Pavillion, which opened on the day the Expo concluded, will be long-term venues that are set to boost Sino-African trade.

The score sheet of the Expo underlines China's strong intent to further open up to the rest of the world and grow together with African countries. As the chosen location for future iterations of the Expo, Hunan is well-positioned to achieve yet more remarkable results in deepening its trading cooperations with Africa.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

China-Africa Economic and Trade Expo: A lasting trade relationship
http://www.china.org.cn/video/2019-07/23/content_75023029.htm

About China.org.cn

Founded in 2000, China Internet Information Center (China.org.cn/China.com.cn) is a key state news website under the auspices of the State Council Information Office, and is managed by China International Publishing Group. We provide round-the-clock news service in ten languages. With users from more than 200 countries and regions, we have become China's leading multi-lingual news outlet introducing the country to the outside world.

We are one of the country's authoritative outlets for government press releases and are authorized to cover various major events. "Live Webcast" is our online webcasting service to present State Council Information Office press conferences in both Chinese and English languages. We are reputed for timely and accurate delivery of news and information, and wide interactions with audiences. In addition, we are authorized to publish and live broadcast major events and press conferences of ministries, local government agencies and institutions as well as enterprises.

In the era of mobile internet, we endeavor to create an array of products for mobile devices headed by the multilingual WAP platform and the mobile APP. We also use Chinese and international social media to publish information for different user groups.

In the future, CIIC will continue to offer authoritative information about China, tell China's stories, voice China's opinions, and introduce a vivid, panoramic and multicultural China to the world through multi-language, multi-media and multi-platforms.

SOURCE China.org.cn


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