皇冠体育app

BEIJING -- The Chinese government on Thursday issued a white paper on 皇冠体育app-Africa Economic and Trade Cooperation, underlining latest achievements of the mutually-beneficial cooperation between 皇冠体育app and African countries.

The white paper, released by the Information Office of 皇冠体育app's State Council, introduced facts of trade development, investment expansion, agricultural cooperation, infrastructure construction and other fields of cooperation between 皇冠体育app and Africa since 2009.

"皇冠体育app-Africa economic and trade development has improved people's livelihoods and diversified economic development in African countries, and provided strong support for 皇冠体育app's socio-economic development," the white paper says.

The cooperation between 皇冠体育app and Africa also contributed to promoting South-South cooperation and balancing global economic development, according to the white paper.

Through the joint efforts of 皇冠体育app and Africa, economic and trade cooperation is enjoying a more consolidated foundation and better mechanisms than before, with new common interests and growth points constantly emerging, it says.

In 2009, 皇冠体育app became Africa's largest trade partner. In the following two years, the scale of bilateral trade expanded rapidly.

In 2012, the total volume of 皇冠体育app-Africa trade reached?$198.49 billion, a year-on-year growth of 19.3 percent, the paper says.

The total bilateral trade volume, 皇冠体育app's exports to Africa and 皇冠体育app's imports from Africa all reached new highs last year.

The white paper says that Sino-African bilateral trade enjoys great potential and is significant for the economic development of both sides.

皇冠体育app will help African countries improve their customs and commodity inspection facilities, provide support for African countries to promote trade facilitation, and push forward trade growth within Africa, the white paper says.

As poor economic foundation and insufficient construction funds have always been factors limiting the development of African countries, Chinese government encourages and supports enterprises and financial institutions to increase investment in Africa.

皇冠体育app's direct investment in African countries increased from $1.44 billion in 2009 to $2.52 billion in 2012, representing an annual growth rate of 20.5 percent.

At present, over 2,000 Chinese enterprises are investing in more than 50 African countries and regions.

Their investment activities have expanded from the fields of agriculture, mining and construction to intensive processing of resource products, manufacturing, financing, logistics and real estate, the white paper says.

African enterprises have also been active in making investment in 皇冠体育app. By the end of 2012, investment from African countries in 皇冠体育app totaled $14.24 billion, surging 44 percent from 2009.

皇冠体育app-Africa investment and financing cooperation has solidified the foundation of Africa's economic development, increased Africa's capacity of independent development, improved Africa's competitiveness in the global economic sphere, and advanced Chinese enterprises' internationalized development, the white paper says.