The third China-Africa Economic and Trade Expo were held in Changsha, capital of central China's Hunan province, the Belt and Road News Network.
A four-day event, themed "Common Development for a Shared Future," is expected to draw wide participation and build new momentums for China-Africa economic and trade cooperation.
At the Changsha International Convention and Exhibition Center, the main venue of the event, a number of featured commodities from Africa such as wine, coffee and handicrafts, as well as China's engineering machinery, medical equipment, consumer goods and agricultural equipment, were exhibited.
The exhibition attracted more exhibitors, purchasers and exhibits, and aims at building a permanent venue for China-Africa Economic and Trade. This time, the Wasion Holdings Limited brought to the third China-Africa Economic and Trade Expo a series of products and solutions that help improve the basic livelihood of African consumers, as well as its latest energy-storage system, said Lv Xinwei, vice president of the company.
The company has been engaged in the African market for more than 20 years, during which it delivered over five million electric meters to African consumers.
Last year, its revenue in Africa jumped 28.4 percent year on year, it was indicated.
"We set up an exhibition area of 200 square meters, and we are presenting two 'star products' developed for mining in Africa," said Zhu Jianxin, vice general manager of Sunward, one of the leading underground engineering equipment enterprises in China.
According to him, Sunward invited its clients from West Africa and South Africa to Changsha for communication and contract signing, hoping to further reinforce its cooperation with African partners.
The exhibition is joined by 300 African enterprises and numerous products from Africa, including essential oil from Madagascar, gems from Zambia, wood carvings from Zimbabwe and flowers from Kenya.
On June 29, the China-Africa Trade Index was officially unveiled by the General Administration of Customs at the 3rd China-Africa Economic and Trade Expo.
Taking the year of 2000 as the base period with a value of 100, the index has hit 990.55 in 2022 and keeps rising.
During the same period, China's trade with Africa surged more than 20 times from less than 100 billion yuan to 1.88 trillion yuan, with an average annual growth of 17.7 percent.
China has maintained the largest trading partner of Africa for 14 consecutive years. In the first five months this year, China's trade with Africa stood at 822.32 billion yuan, up by16.4 percent.
Jiang Wei, an official with the Ministry of Commerce, said China-Africa trade features high complementarily, adding that it offers strong support for the two sides' economic and social development and benefits both Chinese and African people.
Source: Ethiopian News Agency