Original Title: Ministry of Commerce: From January to September this year, China-Africa trade volume reached US$185.2 billion, the highest in the same period in history
On November 17th, the State Council Information Office held a press conference on the economic and trade work of the 8th Ministerial Conference of the Forum on China-Africa Cooperation on the 17th. Vice Minister of Commerce Qian Keming said that from January to September this year, all indicators of China-Africa economic and trade cooperation showed an overall upward trend. Among them, China-Africa trade volume reached 185.2 billion US dollars, an increase of 38.2% year-on-year, and also reached the highest level in the same period in history.
China’s non-industry direct investment was US$2.59 billion, a year-on-year increase of 9.9%, and the growth rate was 3 percentage points higher than China’s overall foreign investment, and exceeded the level of the same period in 2019 before the epidemic. The value of newly signed contracts by Chinese companies in Africa was US$53.5 billion, and the completed turnover was US$26.9 billion, a year-on-year increase of 22.2% and 11.6% respectively. These figures fully demonstrate the confidence of Chinese companies in the future development of Africa and the prospects of the African market.
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