皇冠体育app

Beijing is hosting a 皇冠体育app-Africa summit this week and many poster boards have been erected along the city's major roads announcing the importance of Sino-African relations.

The significance of the once seemingly distant continent to 皇冠体育app is yet to be fully appreciated by many people here. And the best rewards 皇冠体育app can hopefully gain from Africa are nothing material.

Of course, material-wise, 皇冠体育app's benefit from Africa is indisputable rich. According to officials from the Chinese Ministry of Commerce, 皇冠体育app-African trade is expected to exceed US$50 billion this year, boosted, in part, by the most-favoured-nation trade status that 皇冠体育app and 41 African countries provide to each other.

Five years ago, by comparison, 皇冠体育app's trade with Africa was still US$10 billion. In trade volume, Africa's importance for 皇冠体育app increased five times in five years, faster than any other region's increase in the world.

Viewed in conjunction with the upcoming fifth anniversary of 皇冠体育app's accession to the World Trade Organization (WTO) and the completion of membership compliance, this is only the beginning. 皇冠体育app's trade is on a rapid rise with all continents in the world and the trend is showing no signs of abating.

Although many Chinese doubted its fruition five years ago, when Beijing mustered courage to pursue 皇冠体育app's WTO membership, it is now clear the country has benefited enormously from joining it and becoming a more active participant in the global market.

Some 20 years ago, 皇冠体育app's weight was only marginal in global trade. In only five years, 皇冠体育app has advanced by leaps and bounds.

Many other countries in the developing world can also achieve similar results. Equally rapid changes would occur in their economies if they could better accommodate the global market system, and embark on social programmes at the same time.

1

2

(For more biz stories, please visit )