Projects with Africa going on well
By Jiang Wei | China Daily | Updated: 2007-11-14 07:13
China is steadily implementing the commitments it made at the Beijing Summit of the Forum on China-Africa Cooperation a year ago, senior trade officials declared yesterday.
As a result, bilateral trade is expected to hit $70 billion by year's end, up from $55.5 billion last year, and continue to skyrocket the next year.
Since China removed import tariffs on 454 separate categories from the 32 least developed countries in July, some $450 million worth of duty-free trade has entered the Chinese market from Africa.
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