(Politics): The China-Africa Trade Biennale Achieves Successful Results

 

The third China-Africa economic and trade expo on the theme of common development for a shared future concluded on Sunday in Changsha city, with 10.3 billion U.S. dollars’ worth of projects signed.

Guided by the spirit of the 8th FOCAC Ministerial Conference, the Expo will focus on the “Nine Programs” for China-Africa cooperation and organize various events in various forms, attracting thousands of participants to Changsha. Including Chinese and African dignitaries and diplomats, representatives of international organizations, financial institutions, business associations, chambers of commerce, and media, entrepreneurs, experts, and scholars. 

The expo aimed to boost business links between both parties while opening the Chinese market to products Made in Africa.

The four-day event has attracted over 100 000 visitors and resulted in 74 cooperative projects, a first in the expo's five-year history, according to statistics from the organizing committee.

African visitors claim that the Chinese market has much to offer their businesses and populations.

The China-Africa economic and Trade expo is committed to building a new mechanism for China-Africa economic and trade cooperation, a new platform for the implementation of economic and trade initiative and a new window for Sino-African economic and trade cooperation at the sub-national level.

China is Africa's largest trading partner and its fourth-biggest source of investment. Official data show that bilateral trade between China and Africa totaled 282 billion U.S. dollars in 2022.

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