The second China-Africa economic and trade exhibition opened on Sunday, unleashing new potential for cooperation between China and Africa.
The four-day event, held both online and offline, and themed âNew Beginnings, New Opportunities and New Achievements,â attracted nearly 900 companies from around 40 African countries and China, according to organizers.
The exhibition in Changsha, capital of central China’s Hunan Province, features exhibits on the fruits of China-Africa economic cooperation, African branded products, and specialty products such as coffee and nuts. . The event also includes forums on cooperation in areas such as food and agriculture, health industry, finance, infrastructure and the private sector.
The exhibition has a total exhibition area of ââ94,000 square meters this year, with Algeria, Ethiopia, Kenya, Rwanda, South Africa and Senegal the guest countries of honor.
“China-Africa economic and trade cooperation is in a critical period of transformation, modernization and improvement of quality and efficiency,” Wang Bingnan, Chinese vice minister of commerce, said at the ceremony. opening.
The organization of a successful China-Africa economic and trade exhibition and the construction of a high-level pilot zone for deep economic and trade cooperation will effectively promote the connectivity of Sino-African markets and the sharing of factors and resources, while helping to stabilize and facilitate supply chains and build a new development model, Wang added.
First launched in 2019, the exhibition is a major platform for strengthening economic and trade cooperation between China and African countries. Among the new measures to promote bilateral trade, this year’s exhibition included new special events to promote African products such as coffee.
In Africa, a key region of SANY’s international development, the company will focus on large engineering projects and infrastructure construction to provide cost-effective products and more efficient and perfect services, said Liang Wengen, chairman of the giant. Chinese machinery SANY Group. The Changsha-based company first exported its products to Africa in 2002 and has long been a leader among Chinese machinery exporters to the continent.
âThe company will also actively share its experience in the development of industrialization with African enterprises, especially SANY’s experience in exploring intelligent manufacturing, to bring more wisdom to the development of industrialization and the industrial modernization of Africa, âLiang added.
At the end of 2020, China was Africa’s largest trading partner for 12 consecutive years. Two-way trade has seen robust growth this year, with trade volume increasing 40.5 percent year-on-year to $ 139.1 billion in the first seven months. This is a year-to-year record, according to China’s Ministry of Commerce.
With the support of the China-Africa Economic and Trade Expo, African small and medium-sized enterprises have established partnerships with Chinese companies and entered the Chinese market, Senegalese President Macky Sall said by video during the ceremony. opening of the exhibition.
Noting that China and Africa together constitute a market of more than 2.5 billion consumers, Sall said the two sides should strengthen their complementary advantages in agriculture and industrial sectors to optimize industrial transfers, as well as cooperation. economic and commercial.