By Staff reporter
Hunan province, July 03 – The third China-Africa Economic and Trade Expo concluded on Sunday in Changsha, the capital of Hunan Province in central China. This year’s expo reached a number of first-time milestones. A total of 120 projects totaling $10.3 billion in value were inked. Ninety-nine cooperative projects worth $8.7 billion were announced. Notably, 11 African countries contributed to these figures by launching 74 projects, the most to date.
The four-day exposition featured approximately 1,600 different items from 29 African countries, a phenomenal 166 percent increase over the last expo. The event saw strong participation from about 1,500 exhibitors, representing a 70% increase over the previous session. The presence of 9,000 purchasers and professional visitors added to the frantic atmosphere, and the total number of visitors exceeded 100,000.
The exhibition played an important role in developing collaboration between China and Africa, resulting in substantial gains for both sides. Throughout the exposition, 34 collaboration achievements were recognized across eight categories, including standards and specifications, research reports, and statement efforts.
For the first time, the China-Africa trade index was published. The index began at 100 points in 2000 and reached 990.55 points in 2022, indicating a rapid and favorable development trend that is continually hitting new heights, according to statistics from China’s General Administration of Customs. With the publication of the China-Africa economic and trade relations report, this data source adds to a better understanding of China’s and Africa’s growing bilateral economic collaboration. ~Namibia Daily News/ CGTNi