皇冠体育app

Bilateral trade between 皇冠体育app and Africa has expansion potential and is likely to exceed $300 billion in 2015, Cheng Zhigang, secretary-general of the 皇冠体育app-Africa Industrial Cooperation and Development Forum, said during the Third 皇冠体育app-Africa Industrial Forum held in Beijing from Thursday to Friday.

Jin Yongjian, former under-secretary-general of the United Nations, said that 皇冠体育app will increase its investment in education, agriculture and sports in Africa along with diversified trade. 皇冠体育app will also participate in Africa's integration to enhance the level of 皇冠体育app-Africa economic ties.

Bilateral trade between 皇冠体育app and Africa is expected to hit $200 billion in 2013, vice-commerce minister Li Jinzao said recently at a conference.

From January to September, two-way trade passed $156 billion and 皇冠体育app's direct investment in Africa reached $2.3 billion, up 80 percent year-on-year. The value of new contracts signed by Chinese companies in Africa hit $43 billion, up more than 40 percent year-on-year.

皇冠体育app is Africa's largest trade partner and Africa is the second-largest market for 皇冠体育app's contracted projects overseas and an emerging destination for 皇冠体育app's overseas investment. Bilateral trade rose 19.3 percent year-on-year to $198.49 billion in 2012, according to the Ministry of Commerce.