China-Africa trade saw steady growth in the first seven months of 2024. China's General Administration of Customs (GACC) revealed that trade between China and Africa rose 5.5 percent year-over-year (YOY) to CNY 1.19 trillion (about USD 166.6 billion) from January to July 2024. The data also showed that China remained Africa's largest trading partner for 15 consecutive years. China-Africa trade reached a record high of USD 282.1 billion in 2023, up 1.5 percent YOY. In 2023, China's exports of new energy vehicles, lithium batteries and photovoltaic products to Africa increased by 291 percent, 109 percent and 57 percent YOY, respectively. China's imports of African nuts, vegetables, flowers and fruits increased by 130 percent, 32 percent, 14 percent and 7 percent, respectively, compared to 2022. Source: Qatar News Agency
Thursday, November 07, 2024