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Sino-Africa export surges 35.2 percent

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CHINA exported US$18.68 billion to Africa last year, maintaining a successive growth of more than 35 percent for three years, Xinhua news agency reported today, citing the Ministry of Commerce.

Electronic exports have accounted for 39 to 44 percent of the total since 2003, e. Textile exports accounted for 16 to 19 percent, and exports of high-tech products accounted for 10 percent last year.

China mainly exports electronics, textiles, clothes, high-tech products and steel to South Africa, Sudan, Nigeria, Congo and Angola.

Sino-Africa trade volume reached US$37 billion last year, and is expected to more than triple in five years.

The Chinese government will prompt more Chinese companies to invest in Africa and expects to double China's direct investment in Africa in five years. It will also continue to encourage imports from Africa with aims to expand annual trade between Africa and China to US$100 billion from US$30 billion in five years.

China's overall foreign trade volume soared 23.2 percent to US$1.42 trillion last year, yielding a trade surplus of US$101.9 billion.

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