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Thursday, 19 July 2012

Growing Chinese trade with Africa compensates for EU’s slowdown

According to the China daily, the expansion of China's trade with Africa in the first half of 2012 has helped compensate for the slowdown in trade with the EU and other regions affected by the economic crisis.
Trade between China and Africa surged by 22.3 percent year-on-year in the first five months to $80.5 billion, according to the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.
China's imports from Africa rose by 25.5 percent to $49.6 billion during the same period, while its exports to Africa grew by 17.5 percent to reach $30.9 billion, she said.

Source: The China daily

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