World’s first China-Africa Economic & Trade Expo to take place in Hunan Province

Southern China’s Hunan Province is going to hold the first China-Africa Economic and Trade Expo in the month of June.

Sprawling across an area of around 50,000 sq.m., China-Africa Economic and Trade Expo will showcase economic and trade opportunities in both Africa and China. The fair is slated to take place from June 18-20 in Changsha.

A signing ceremony for major economic and trade projects will be held during the expo, as well as a series of forums, investment promotions, and business negotiation activities. The expo, launched under the framework of the Forum on China-Africa Cooperation, will establish a new mechanism for economic and trade cooperation between China and African countries, said Li Chenggang, assistant minister of commerce, as reported by Xinhua.

Hunan's trade volume with African countries totalled 2.8 billion U.S. dollars in 2018, surging over 50 percent for the fourth straight year, Hunan's deputy governor He Baoxiang said. Moreover, Contracted investment by Hunan firms in Africa amounted to nearly one billion dollars. The expo will be held in the central Chinese province once every two years.