国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / World Watch

Expo gives Sino-African cooperation a big boost

By Adhere Cavince | China Daily Global | Updated: 2021-10-18 08:59
Share
Share - WeChat
The Second China-Africa Economic and Trade Expo opens in Changsha, Hunan province on Sept 26, 2021. [Photo/Xinhua]

The second China-Africa Economic and Trade Expo closed on September 29 in Changsha, Hunan province, with 135 deals with a value of $22.9 billion sealed in areas such as trade, investment, infrastructure, agriculture, manufacturing, aviation and tourism.

These excellent outcomes further consolidate the legacy of this platform for fostering Sino-African ties in the trade and economic arena. About 900 companies from more than 40 countries participated in the event, compared with the 700 companies that took part in the inaugural expo in 2019.

Besides the business deals that were signed, 320 companies showcased their products at the event, netting $38.7 million in online trading. This showed the role that technology can play in facilitating trade relations amid travel cuts due to the COVID-19 pandemic.

China has maintained its position as Africa's largest trade partner for 12 years straight, after displacing the United States in 2009. This year, bilateral trade between China and the continent defied pandemic pressure, rising 40.5 percent year-on-year to hit $139.1 billion in the first seven months.

With six African countries-Kenya, Algeria, Ethiopia, Rwanda, South Africa and Senegal-h(huán)eadlining the event as guests of honor, the expo signaled new opportunities as the continent races to firm up its trade and investment ties with China.

It was gratifying to see more agricultural produce from Africa gaining access to Chinese markets after elimination of restrictive entry barriers. This also saw crude oil, timber, copper, iron and other commodities making it to the list of imports from the continent.

A wide array of agricultural products from Africa was on display at the expo, ranging from Kenyan tea and Rwandan coffee to South African blueberries. Kenya and China signed formal agreements clearing a list of additional products for export to China, such as legumes, flowers, vegetables, meat, hides, herbs and fruit.

Kenyan companies that participated in the expo reported a ready Chinese market longing for the African products.

To fully tap into the Chinese market, a number of things need to be done by China as well as African countries.

First, product quality must be emphasized. China has opened its trading rooms to all countries around the world. African products therefore compete with products from other parts of the world. African companies should incrementally enhance product quality to meet and exceed the thresholds set by China.

Second, in order to fulfill the product quantities demanded in China, there is an urgent need to expand Africa's production capacity, which will require funding and resources that are often not available to many of the small and medium-sized enterprises involved in the export market. The increasing interest from Chinese enterprises and investors to partner with African counterparts can significantly ease this funding shortage.

Third, African companies should aggressively market new sources of comparative advantage, such as tourism, to the Chinese market. The continent has proved popular among Chinese tourists-something that could provide a much-needed boost as the world recovers from the pandemic's economic impacts.

Finally, regarding import and export regulations, China and African countries could consider reducing trade tariffs to enhance the accessibility of both markets.

The upcoming Forum on China-Africa Cooperation summit is expected to establish new and innovative ways to further enhance the flow of imports into the Chinese and African markets, which have a combined population of more than 2.7 billion.

The author is a scholar of international relations with a focus on China-Africa cooperation.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
漾濞| 双峰县| 肇源县| 芜湖县| 乳山市| 长海县| 曲沃县| 隆德县| 万山特区| 阜康市| 龙门县| 伊川县| 普陀区| 互助| 丰都县| 临朐县| 娱乐| 德保县| 克东县| 湟中县| 沾化县| 建平县| 雅江县| 舒城县| 宜君县| 绩溪县| 临夏市| 仙游县| 大理市| 苍南县| 泸水县| 瓦房店市| 阿鲁科尔沁旗| 历史| 德庆县| 宣化县| 邵阳县| 高雄市| 太仓市| 华容县| 汉中市|