{"id":25907,"date":"2018-08-27T14:22:56","date_gmt":"2018-08-27T13:22:56","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=25907"},"modified":"2018-08-27T14:22:56","modified_gmt":"2018-08-27T13:22:56","slug":"china-africa-trade-hits-116bn-in-first-7-months-of-2018","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/china-africa-trade-hits-116bn-in-first-7-months-of-2018\/","title":{"rendered":"China-Africa Trade Hits $116bn in First 7 Months of 2018"},"content":{"rendered":"

Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018 \u2013 up 18.7 per cent year-on-year.<\/p>\n

China\u2019s exports to Africa were worth 59.36 billion dollars \u2013 an increase of 8.8 percent compared to last year \u2013 while its import volume rose 31.3 per cent to stand at 56.81billion dollars.<\/p>\n

The figures were announced by the Chinese Ministry of Commerce (MOC) on its website.<\/p>\n

China\u2019s imports from Africa hit a global high over the seven-month period, while the trade volume between the two sides was second only to the figure recorded between China and Latin America, said the MOC.<\/p>\n

China has continuously called for the strengthening of bilateral ties with African countries.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

According to data from the Department of African Affairs at China\u2019s Ministry of Foreign Affairs, China-Africa trade has grown from a mere 765 million to 170 billion dollars over the past four decades \u2013 a 200-fold increase.<\/p>\n

China has also maintained its position as Africa\u2019s largest trading partner for eight consecutive years.<\/p>\n

The Forum on China-Africa Cooperation (FOCAC) -one of China\u2019s largest diplomatic events of the year \u2013 will be held in Beijing on September 3 and 4.<\/p>\n

During the meeting, Chinese President Xi Jinping plans to introduce the new facets of China\u2019s cooperation with Africa, while leaders from both sides will work together to find new cooperation opportunities under the Belt and Road framework. (NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"

Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018 \u2013 up 18.7 per cent year-on-year. China\u2019s exports to Africa were worth 59.36 billion dollars \u2013 an increase of 8.8 percent compared to last year \u2013 while its import volume rose 31.3 per …<\/p>\n","protected":false},"author":6,"featured_media":25908,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[4409],"coauthors":[2391],"class_list":["post-25907","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-china-africa"],"yoast_head":"\nChina-Africa Trade Hits $116bn in First 7 Months of 2018 - National Wire<\/title>\n<meta name=\"description\" content=\"Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018 \u2013 up 18.7 per cent year-on-year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/china-africa-trade-hits-116bn-in-first-7-months-of-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China-Africa Trade Hits $116bn in First 7 Months of 2018 - 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