Sino-African trade enjoying golden age

In first five months, nation's imports and exports with continent hit 963.21 billion yuan, up 12.4%, a record high

China and Africa achieved several cooperation deals earlier this month and the signed projects are expected to help Africa further promote its green development, infrastructure connectivity and industrial transformation, and boost the continent's economic growth, industry players said.

The two sides signed 176 projects at the fourth China-Africa Economic and Trade Expo in Changsha, Hunan province, involving a total value of $11.39 billion, said the Hunan provincial government and the Ministry of Commerce, the organizers. The expo concluded in mid-June.

Compared with the previous edition, the number of signed projects jumped 45.8 percent year-on-year, and the total value of the signed projects grew 10.6 percent. More than 4,700 domestic and African companies — as well as business associations and financial institutions — participated in the event, with its scale reaching a new high this year, said the organizers.