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China remains biggest trade partner to Africa


12-03-2015 06:35 BJT

Full coverage: Xi Attends Paris Climate Talks, Visits Zimbabwe, S. Africa

This year marks the 15th anniversary of the China-Africa Cooperation Forum. Let's outline the trade relationship and what the ministry of commerce had to say about the outlook. 

Economic ties between China and Africa are growing strong. Trade volume reached 222 billion U.S dollars in 2014, which was 21 times the amount in 2000. China has been the biggest trading partner of Africa for six consecutive years, and China's direct investment in Africa rose 37 percent annually on average over the past 15 years. Total investment reached 30 billion dollars in the year 2014, or 60 times that in 2000.

Shen said that the upcoming China-Africa Cooperation Forum will show some new characteristics and new trends in bilateral cooperation, integrate development strategies of both sides, and share development experience.

The spokesman also said China has been proactive in providing poverty alleviation aids to the continent over the past 15 years, helping to create jobs and increase tax revenues for governments.

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