China (Xinhua) -- China
remained Africa’s biggest trading partner as bilateral
economic relations boomed, said Jiang Zengwei, head of
the China Council for the Promotion of International
Bilateral trade between China and Africa
reached 149.1 billion U.S. dollars in 2016, Jiang said
at a meeting on investment opportunities between China
and Sao Tome and Principe in Beijing on Friday.
While trade relations between China and Africa had
been growing rapidly, investment ties have also
prospered, with Chinese companies investing 3.2 billion
dollars in the continent in 2016, said Jiang.
Investment by Chinese firms, mainly in construction,
manufacturing, services, mining, agriculture and
infrastructure, has brought about benefits and
development for both Africa and China, he said.
As for Sao Tome and Principe, Jiang said China, as
the world’s second largest economy, is equipped with
ample funding, a complete industrial system and advanced
technological equipment to contribute to the economic
and social development of the African country.
Sao Tome and Principe Prime Minister Patrice Trovoada
is on his first official visit to China from April 12 to