Africa and China seek to bolster trade ties

Lazy eyes listen


The third China-Africa Economic and Trade Expo is currently happening in Hunan Province, with participants from 50 African countries and eight international organizations.

This year’s event, themed “Common Development for a Shared Future,” will take place from June 29 to July 2 in Changsha, and will feature more than 40 trade sectors such as healthcare, green infrastructure, and agriculture, according to Shen Yumou, the head of the Hunan commerce department.

The first such trade fair was held in 2019 and has since grown to become the largest venue for strengthening ties between China and African countries. Over 1,000 firms attended the 2019 and 2021 events, and 216 deals were signed.

According to CGTN News correspondent Dai Kaiyi, transactions worth $19 billion are likely to be made during this year’s expo, as Beijing and its African partners strive to “further boost that cooperation.”

According to Kaiyi, China-Africa trade will reach $282 billion in 2022, an 11% rise from the previous year.