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Goal of Sino-African Bilateral Trade of USD100b Is Expected to Be Achieved Ahead of Time This Year

   Statistics from the Customs indicated that from January to July this year, export and import trade growth of China to Africa continuously accelerated, and the goal China put forward that in 2010 bilateral trade volume will reach USD100b will be expected to be achieved ahead of time this year.
   According to statistics from the Customs, from January to July this year, import and export of China to Africa accumulatively stood at USD62.94b, up by 60.1% year-on-year, with growth rate increasing by 30.5 percentage points. Among them, export to Africa amounted to USD27.92b, up by 39.5%; import from Africa USD35.02b, up by 81.4%. Owing to Chinese significant import growth, the bilateral trade pattern has been changed with the favorable balance of USD720m from the same period of last year to the current trade deficit of USD7.1b.

2008-10-07