Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Apr 20, 2017 - 10:59:34 AM


Africa and China trade is booming
By Xinhua, 18 April 2017
Apr 18, 2017 - 8:23:27 AM

Email this article
 Printer friendly page

Beijing – China remained Africa’s biggest trading partner as bilateral economic relations boomed, said Jiang Zengwei, head of the China Council for the Promotion of International Trade.

Bilateral trade between China and Africa reached $149.1 billion in 2016, Jiang said at a meeting on investment opportunities between China and Sao Tome and Principe in Beijing on Friday.

While trade relations between China and Africa had been growing rapidly, investment ties have also prospered, with Chinese companies investing $3.2 billion in the continent in 2016, said Jiang.

Investment by Chinese firms, mainly in manufacturing, services, mining, agriculture and infrastructure, has brought about benefits and development for both Africa and China, he said.

As for Sao Tome and Principe, Jiang said China, the world’s second largest economy, is equipped with funding, an industrial system and advanced technology to contribute to the development of the African country.

Sao Tome and Principe Prime Minister Patrice Trovoada is on his first official visit to China.


Source:Ocnus.net 2017

Top of Page

Business
Latest Headlines
Italys resurgent eurosceptics plot to subvert monetary union from within
Trafigura signs 15-year accord with US LNG group
Banks cover Trafigura hole. Why ?
EU more dependent on Russian gas than ever, despite bid to diversify
The Army and the Economy in Egypt
Yamal LNG; A Big Win for Russian Gas?
Baltic Exchange forms LNG panellists group, eyes new LNG index
Chinas' richest woman, Yang Huiyan, made US$2 billion in four days
China could be a surprise winner if the US renews sanctions on Iran
For how much longer can the sweet spot in the world economy last?