China remains Africa's largest trading partner for 16 consecutive years: official

China has remained Africa's largest trading partner for 16 consecutive years, with bilateral trade reaching a record 295.6 billion U.S. dollars in 2024, as announced by an official from the Ministry of Commerce on Wednesday.

Speaking at a press conference in Beijing, Assistant Minister of Commerce Tang Wenhong highlighted that the scale of China-Africa economic cooperation has expanded steadily, showing strong growth momentum.

"In 2024, the trade volume between China and Africa amounted to 295.6 billion U.S. dollars, rising 4.8 percent year on year and setting a new record for the fourth consecutive year. China has remained Africa's largest trading partner for 16 consecutive years. Specifically, China's imports from Africa reached 116.8 billion U.S. dollars, up 6.9 percent, while its exports to Africa stood at 178.8 billion U.S. dollars, increasing 3.5 percent. China's vast market has provided extensive opportunities for African goods," he said.

Tang noted that Chinese enterprises in recent years have significantly enhanced their development and investment activities in various economic and trade zones across Africa. That has facilitated industrial chain collaboration between China and Africa, while also making substantial contributions to local tax revenues, employment opportunities, and export earnings.

"For digital economy, Chinese enterprises have built several large-scale data centers for Africa, providing cloud computing services. 5G technology has also been widely applied in African mining and urban management. In terms of green development, the cumulative installed capacity of photovoltaic power stations built through China-Africa cooperation has exceeded 1.5 gigawatts, which can meet the electricity demands of over a million African households. In financial cooperation, Egypt and the African Export-Import Bank successfully issued Chinese yuan-denominated panda bonds in China in 2023 and 2025 respectively," he continued.

China remains Africa's largest trading partner for 16 consecutive years: official

China remains Africa's largest trading partner for 16 consecutive years: official

China remains Africa's largest trading partner for 16 consecutive years: official

President of the Republic of Korea (ROK) Lee Jae Myung has expressed his hope that his upcoming visit to China will help eliminate past misunderstandings and issues, underscoring the importance of ties between the two countries.

At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office.

In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee acknowledged the existing misunderstandings and issues between the two countries, noting that addressing these issues is a key goal of his visit.

"The current international landscape is turbulent, with escalating issues among various countries. In this context, the relationship between the Republic of Korea and China holds significant importance for us. the ROK and China are deeply interconnected in many areas, including history, economy, geopolitics, politics and security. Northeast Asia's peace, stability, mutual respect, and common prosperity are crucial for both countries," said Lee.

"Admittedly, there have been some misunderstandings and issues between the ROK and China, which have hindered the development of bilateral relations to some extent. Therefore, the purpose of my upcoming visit to China is to minimize or eliminate these past issues, foster a leap in our bilateral relations to a new level, and solidify the ROK and China as partners that mutually support each other's development," he said.

ROK President hopes to reduce misunderstandings with China during upcoming visit