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In the background of the global economic downturn in China-Africa economic and trade cooperation is

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According to Xinhua News Agency reported on Nov. 4, despite the world financial crisis continued to affect the international market, economic and trade cooperation between China and Africa has remained stable development trend. In 2012, total bilateral trade between China and Africa reached $ 198.49 billion, an increase of 19.3%. The world economic downturn, resulting in a direct decline of international market demands. European countries, in particular the slow economic recovery, the U.S. budget difficulties, the rapid growth of developing economies have also showed signs of slowing economic growth. This is not only a challenge but also great potential for the mining and development of China-Africa economic and trade exchanges has brought new opportunities, and ultimately will promote mutual development. October, the International Monetary Fund (FMI) once again lowered the world economic growth expectations, the latest forecast 2013 global economy will grow 2.9 percent in 2014 to grow by 3.6%. Compared with July and has lowered growth expectations were lower by 0.3 and 0.2 percentage points.
compared IMF pessimistic forecasts for the world economy, the Ministry of Commerce International Trade and Economic Cooperation Research Institute released the "China economic and trade relations with Africa Report 2013" that the 2012 China-Africa economic and trade cooperation to fully explain the many success stories in the world The second largest economy in the economic and trade exchanges with African countries leaps and bounds and has strong vitality.
Since 2009, China has become Africas largest trading partner, but also as an important source of Chinese imports on the African continent.
According to the report, in 2012 Chinas exports to Africa is approximately $ 85.3 billion, imports from Africa approximately $ 113.2 billion, Chinas trade deficit with Africa amounted to $ 27.9 billion. In fact, since 2008, Chinas trade balance with the African state has been in the trade deficit, and this comes from a different state, the non respective trade structure.
Currently, Africa has become Chinas fourth largest overseas investment destination. By the end of 2012, Chinas total direct investment flows to Africa have increased $ 21.7 billion, an average annual increase of 33.8%.
report notes that in 2012 Chinas non-financial investments in African countries, especially South Africa, Angola and Zambia in non-financial investments, primarily focused on the mining, construction and handicrafts, its share had risen to 14.9 percent to reach 3.61 billion dollars.
2012, the Chinese companies to complete turnover of contracted projects in Africa, $ 40.8 billion, an increase of about 13%, accounting for 35% of Chinas foreign contracted projects completed total turnover.
report pointed out that in terms of economic aid to Africa in 2012, China completed a total of like agriculture demonstration centers, hospitals, training schools, 36 pairs of non-aid projects, as well as to public health, agriculture, information technology and other fields technical training 11137 people.

mutually beneficial trade development in Africa in the fight against world economy to achieve rapid development of the economic crisis at the same time, creating favorable conditions for China-Africa economic and trade exchanges. The latest economic forecast report
IMF in Lagos Nigeria avowed mentioned in sub-Saharan Africa in 2013 the economy is expected to grow 5% in 2014 to grow by 6.2%.
addition, Xinhua News Agency, former head of African Affairs Liu Jin said the overall growth in China and Africa enormous economic complementarities and trade demand for the development of China-Africa trade and investment continued to expand rapidly and made a great contribution.
he said, Africa is still in the stage of industrial areas developed Western countries are suffering from a variety of financial or budgetary problems, for non-finance is constantly shrinking, therefore an urgent need for African countries to invest in China.
Liu Jin stressed that it is estimated that Chinas economic growth in Africas contribution rate over 20%.
"non-expansion of investment is also needed at the present stage of Chinas economic development." he added, "Chinas low labor cost advantage is being lost, so China will need to shift some labor-intensive industries to Africa."
Nevertheless, Liu Jin believes that Africa economic and trade relations have great potential, on the grounds that the current trade volume between China and Africa accounted for only 10 percent of Chinas foreign trade turnover of 5% and Africas foreign trade volume.
deepen reform, optimize collaboration
Commerce Department reported that in 2014, China-Africa economic and trade cooperation will continue to develop, China and Africa should focus on exploring new areas to expand deepen partnership.
Research Institute Department of Commerce International Trade and Economic Cooperation Li Guanghui that, with the diversification of African trade structure, China will be more effective ways to increase investment in Africa, education, health and sports, but also will strengthen investment in the agricultural sector.
"In view of the regional economic integration process in Africa, China will further strengthen the friendly cooperation with the African continent and regional organizations, to enhance China-Africa economic and trade relations to a higher level." He stressed that China-Africa economic and trade cooperation will strengthen developing economies to enhance weight on the international stage.
Liu Jin believes that the subject merchandise trade accounted Africa economic and trade cooperation is only the initial stage of extensive development.
Liu Jin concluded: "must be timely development of high-end industrial and communications, transportation and other high-tech projects, in order to accelerate the improvement and optimization of the structure of bilateral trade." Editor:吉付通消费分红网 Source:naver say goodbay,
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