Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 11 (Xinhua) — Data released by the General Administration of Customs (GAC) on Wednesday showed that economic and trade cooperation between China and Africa has shown greater vitality over the past 25 years.
According to the department, China’s total foreign trade turnover with African countries increased from less than 100 billion yuan (about 13.9 billion US dollars) in 2000 to 2.1 trillion yuan in 2024, an average annual growth rate of 14.2 percent.
The data was released ahead of the 4th China-Africa Economic and Trade Expo, which will be held from June 12 to 15 in Changsha, capital of central China’s Hunan Province.
On Wednesday, the GTU also released the China-Africa trade index for 2024, which hit a record high of 1,056.53 points, up from a baseline of 100 points in 2000 when the index was first released.
As of the end of 2024, China had been Africa’s largest trading partner for 16 consecutive years, and bilateral trade growth continued to gain momentum in 2025.
According to data released earlier by the GTU, China’s trade volume with African countries reached a record high of 963.21 billion yuan in the first five months of 2025, up 12.4 percent year on year. -0-