- Xinhua Silk Road: An inland district of central China sees growing economic and trade cooperation with Africa

BEIJING, July 4, 2023 /PRNewswire/ -- Changsha County, an inland town in central China's Hunan Province, also called Xingsha, saw local economic and trade cooperation with Africa grow during the Third Economic and Trade Expo China-Africa (CAETE).

On July 1, when the county hosted the First Xingsha•Africa Economic and Trade Exchange Meeting during the expo, contracts were signed for 14 related programs involving an investment of 1.5 billion US dollars, marking a new Chinese cooperation. -Africa in sectors such as manufacturing, energy, urban infrastructure, agricultural industrialization and the tertiary industry.

As a county whose foreign trade approached 130 billion yuan and trade with African partners exceeded 7 billion yuan in 2022, Xingsha has been unlocking the potential of opening-up-driven development in recent years.

In order to expand the participation of local engineering machinery, electronic information, agriculture and other industries in China-Africa economic and trade cooperation, Changsha County has made unremitting efforts to encourage the cluster globalization of advantageous industries.

Engineering machinery giant Sany Group is a prime example of how local manufacturers explored the African market. Since 2002, when its first batch of ground levelers was exported to Morocco, the company has been operating on the mainland for 20 years and has reaped nearly 17 billion yuan in sales revenue in Africa, ranking first among all its peers. Chinese.

Thanks to more than 40 years of friendship with African nations, Changsha county signed a memorandum of understanding for sister regions with Rwamagana in Rwanda's eastern province during the meeting to promote China-Africa friendship. The two sides pledged to communicate and cooperate in the sectors of economy and trade, science and technology, culture, sports, agriculture and tourism.

Meanwhile, the Changsha County Chamber of Commerce to Boost China-Africa Economy and Trade was inaugurated on July 1 to serve as a bridge to connect the county with its African counterparts to stimulate related investment and opening-up.

Fu Xuming, secretary of the CPC Changsha County Committee, said the county strives to provide the most convenient business environment, comforting services and excellent working conditions for businesses and friends from Africa to invest, live and work comfortably in the changsha county.

By joining Africa, it will also contribute more to China-Africa cooperation under the Belt and Road Initiative and building a community with a shared future, Fu noted.

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