中文 Français default  
 
Home Sino-African Relations Entering Africa Exchanges and Dialogues Academic Exchanges
  FOCAC Archives
  FOCAC ABC
  The 1st Ministerial Conference
  The 2nd Ministerial Conference
  Beijing Summit and the 3rd Ministerial Conference
  The 4th Ministerial Conference
  Photo Exhibitions on Past Conferences
  Reading China
  China in a Sketch
  China's Development
  A Panorama of China
Clink
  Relevant Links
Chinese Follow-up Committee members
Chinese Diplomatic Missions in Africa
China's Major Academic Institutions
China' s Major News Media
Related African Websites
[more>>] 
  Home > Sino-African Relations > Economic and Trade Cooperation
China-Africa trade likely to hit record high in 2011
2011/11/18

English.news.cn  2011-11-16

BEIJING, Nov. 16 (Xinhua) -- The level of trade between China and Africa in 2011 is expected to set a new annual record, as the bilateral trade has already almost matched 2010, a commerce official said Wednesday.

China-Africa trade volume rose 30 percent year-on-year to reach 122.2 billion U.S. dollars during the first three quarters of 2011, compared with the 126.9 billion U.S. dollars recorded last year, said Shen Danyang, spokesman for the Ministry of Commerce, at a regular press conference.

China has become Africa's biggest trading partner, with bilateral trade growing at an annual rate of 28 percent over the past 10 years, Shen said.

By the end of 2010, more than 2,000 Chinese companies had invested in the continent.

China invested 1.08 billion U.S. dollars in non-financial sectors in Africa during the first three quarters of 2011, up 87 percent from one year earlier, he said.

"China-Africa cooperation in various sectors, including telecommunications and tourism, has shown great growth momentum. Many Chinese financial institutions operate in Africa, and Chinese airlines have opened direct routes to the continent," Shen said.

Editor: Wang Guanqun

Suggest to a friend
  Print