Archive for ‘United Nations Industrial Development Organization’

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01/07/2019

First China-Africa Economic, Trade Expo closes in central China

CHANGSHA, June 30 (Xinhua) — The first China-Africa Economic and Trade Expo closed Saturday in Changsha, the capital city of central China’s Hunan Province.

A total of 84 deals worth 20.8 billion U.S. dollars were reached in trade, agriculture, tourism and other fields during the three-day event, which saw 14 activities, including the opening ceremony, seminars, conferences and forums, as well as an exhibition.

Experts, businessmen and officials from China and African countries discussed the new methods of the cooperation between the two sides during the event.

International organizations including the United Nations Industrial Development Organization, the World Food Programme and the World Trade Organization have sent representatives to the expo.

The expo, with an exhibition area of more than 40,000 square meters, attracted over 100,000 guests and traders, including those from 53 African countries, according to the organizing committee.

Source: Xinhua

Posted in agriculture, Changsha, closes, exhibition area, expo, First China-Africa Economic, Trade Expo, Hunan Province, Tourism, Trade, Uncategorized, United Nations Industrial Development Organization, World Food Programme (WFP), World Trade Organization (WTO) | Leave a Comment »

08/06/2019

Factbox: China, Africa to embrace closer economic, trade ties

BEIJING, June 8 (Xinhua) — China and African countries will see more intimate economic and trade ties as the first China-Africa Economic and Trade Expo will open on June 27 in Changsha, the capital city of Hunan Province.

A total of 53 African countries have confirmed to attend the expo, and international organizations including the United Nations Industrial Development Organization, the World Food Programme and the World Trade Organization will also send representatives to attend the event.

Here are some facts and figures revealing the growing vitality of trade between China and Africa as well as broader economic exchanges.

— China has been the largest trading partner of Africa for 10 consecutive years.

— In 2018, trade volume between China and Africa amounted to 204.2 billion U.S. dollars, up 20 percent year on year.

— China’s imports of non-resource products from Africa have increased significantly. In 2018, China’s imports from Africa went up 32 percent year on year, with the imports of agricultural products up 22 percent.

— China’s exports of mechanical, electrical and high-tech products accounted for 56 percent of its total exports to African countries.

— China has finished the negotiations of a free trade agreement with Mauritius.

— More than 3,700 Chinese enterprises have been set up in Africa by the end of 2018, with combined direct investment over 46 billion dollars.

— China’s financial institutions have established more than 10 branches in Africa.

— South Africa and seven other countries have included the Chinese currency renminbi (RMB), or the yuan, in their foreign exchange reserves.

— China has formed RMB clearing arrangements with Zambia and signed currency swap agreements with four African countries including Morocco.

Source: Xinhua

Posted in africa, Changsha, China alert, China-Africa Economic and Trade Expo, Hunan Province, Mauritius, Morocco, South Africa, Uncategorized, United Nations Industrial Development Organization, world food programme, World Trade Organization (WTO), Zambia | Leave a Comment »

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