China has remained Africa’s top trading partner for 12 consecutive years, and is a major source of FDI for Africa
A crude oil tanker is shown at Qingdao Port, Shandong province, China. File photo: REUTERS/JASON LEE
The output of new energy vehicles and solar cells increased 140.8% and 24.3% respectively. The share of clean energy consumption such as natural gas, water, nuclear and wind power increased 0.8 of a percentage point over the previous year, and energy consumption each 10,000 yuan of GDP decreased by 2.3%.Faced with changes unseen in a century of changes and a major pandemic, China’s economic policy is anchored by a principle of stability and steady progress.
China has remained Africa's top trading partner for 12 consecutive years. China is also a major source of FDI for Africa. In the first quarter data from the General Administration of Customs of China showed that China-Africa trade reached $64.86bn, up 23%. Among this volume China's exports to Africa totalled $35.16bn, up 18.2%, and China's imports from Africa reached $29.69bn, up 29.3%. Trade between China and SA reached $12.29bn, up 13.5%. China's exports to SA topped $5.
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