Ministry Of Commerce Data: China Africa Trade Is Expected To Exceed US $100 Billion All Year Round.

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In recent years, economic and trade cooperation between China and Africa has flourished.

From 2000 to 2008, China Africa trade grew by an average of 33.6%, and in 2008 it exceeded US $100 billion for the first time. In 2009, China became Africa's largest trading partner.

China Africa trade volume in the first half of this year was 61 billion 200 million US dollars, an increase of 65% over the same period last year.

The Chinese government encourages and supports powerful and reputable Chinese enterprises to invest in Africa on the principle of equality, mutual benefit and common development, and actively set up a good platform for cooperation between Chinese and African enterprises.

The China Africa Development Fund funded by the China Development Bank and the special loan for the development of African small and medium-sized enterprises are set up to encourage Chinese enterprises to invest in Africa, promote the development of small and medium-sized enterprises in Africa, improve the infrastructure of Africa's pportation, electricity and telecommunications, and improve their own "hematopoiesis" function.

At present, there are more than 1600 investment enterprises in Africa and 49 countries in Africa. The investment coverage in Africa has reached 81.4%, involving agriculture, mining, processing and manufacturing, infrastructure, trade and trade and other fields.

It is noteworthy that in addition to traditional cooperation areas such as trade and infrastructure construction, China and Africa have also made remarkable achievements in the fields of finance, tourism, pportation, new energy, health, education, poverty reduction and human resources.

It is understood that at present, China has basically completed the zero tariff treatment for the 60% African goods exported to the least developed countries in Africa, and the 5000 square meter "African products exhibition center" project has been set up in Yiwu, Zhejiang, the largest small commodity distributing center in the world. China has already formulated preferential measures such as reducing the use fee of the site, and inviting African countries to invite foreign businessmen.