China Mosaic: never-ending Sino-African trade exchange

China Mosaic the global news and current commentary program of China Net and launched a special program for "China-Africa Economic and Trade Expo: Never-Ending Sino-African Trade Exchange" focusing on Hunan on July 23.

The first China-Africa Economic and Trade Expo was held in Hunan from June 27 to 29 and it will be settled in Hunan for a long time. The expo attracted more than 700 African companies from 53 African countries, and 150 major national enterprises (including subsidiaries) and more than 800 domestic industry companies participated in the expo. The number of visitors exceeded 100,000. During the Expo, China and Africa signed more than 80 cooperation documents involving more than 20 billion US dollars.

The program analyzes why the China-Africa Economic and Trade Expo is settled in Hunan for a long time from the perspectives of reality and history, economy and culture. It points out that since 2015, Hunan has held large-scale economic and trade activities for four consecutive years. The trading and investing between Hunan and Africa have maintained a growth rate of more than 30% for four consecutive years. It is not surprising that the China-Africa Economic and Trade Expo has been settled in Hunan for a long time.

The program also points out that the projects signed in the first China-Africa Economic and Trade Expo involve in the traditional areas of agriculture, mining, energy, and power, infrastructure, parks and trade projects, but also cooperation projects of high-end manufacturing, e-commerce, or in the fields of aviation services and tourism culture. The new areas of cooperation represent the future direction of China-Africa cooperation.

The China-Africa economic and trade cooperation projects are undergoing a transition from government-led to market operation, from commodity trade to capacity cooperation, and from engineering contracting to investment operation. The economic and social benefits are constantly increasing. China has become the largest trading partner for ten consecutive years in Africa. In 2018, China-Africa trade volume reached US$204.2 billion. The above is the supporting background for the first China-Africa Economic and Trade Expo.

The program also highly praises the online China-Africa Economic and Trade Expo and the long-term Hunan (Gaoqiao) African Commodities Exhibition and Exhibition Center. It believes that the achievements of the China-Africa Economic and Trade Expo fully demonstrate China's expansion of opening up, and they strengthen the strong will of African countries to develop together, "As a long-term venue for the expo, Hunan will surely achieve more remarkable achievements in deepening economic and trade cooperation with Africa."

China Mosaic is a program for a 3-minute current affairs short commentary by China Net. Wang Xiaohui, editor-in-chief of China Net, teams up with authoritative experts in related fields to focus on international and domestic hot events, and it responds to international concerns and spreads Chinese voice.

Link:《中国三分钟》点赞中非经贸博览会：永不落幕盛会深化中非合作