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China-Africa Economic and Trade Expo to be held in Hunan on Thursday

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China

China

China-Africa Economic and Trade Expo to be held in Hunan on Thursday

2025-06-11 21:28 Last Updated At:22:27

The fourth China-Africa Economic and Trade Expo will be held in Changsha City of central China's Hunan Province from Thursday to Sunday, attracting over 30,000 Chinese and African participants.

Themed "China and Africa: Together Toward Modernization," the biennial event gathers exhibitors and guests from 53 African countries, 11 international organizations, and 4,700-plus companies from the two sides, commerce chambers, and financial institutions.

The main exhibition area of the expo is located at the Changsha International Convention and Exhibition Center, featuring China's iconic projects in African countries on infrastructure, railway systems, and satellites, as well as African specialties from over 40 countries and regions.

The expo is also a major platform for bilateral trade and cooperation, with 279 cooperation projects already submitted, marking a 43.8 percent increase compared with the previous edition.

After review, 175 of them are set to be signed during the event, involving a total worth of 11.39 billion U.S. dollars.

"Adhering to the principles of professionalism, market orientation, and internationalization in organizing the expo, we have emphasized innovation and tangible outcomes. The current batch of agreements covers sectors including engineering and construction, smart manufacturing, power and energy, transportation, information services, as well as culture and healthcare," said Huang Xinjian, head of the Exposition Division of Hunan Provincial Department of Commerce.

China-Africa Economic and Trade Expo to be held in Hunan on Thursday

China-Africa Economic and Trade Expo to be held in Hunan on Thursday

China-Africa Economic and Trade Expo to be held in Hunan on Thursday

China-Africa Economic and Trade Expo to be held in Hunan on Thursday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 17 pips to 7.012 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 7.012 against USD Wednesday

Chinese yuan weakens to 7.012 against USD Wednesday

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