BUSINESS: The Construction of China-Africa Economic and Trade Incubation Zone has being completed.

 The first phase of the China-Africa Economic and Trade Incubation Zone has completed construction and it’s operational in Gaoqiao, Changsha, Hunan province. Collaboration between Tanzania, Ghana and China, bringing in state agencies, international organizations, enterprises and talented individuals from both sides.

Located in the Gaoqiao Grand Market in Changsha, capital of central China's Hunan Province, the incubation zone will help promote China-Africa commodity transactions, technical cooperation and exchanges in other fields, according to the provincial department of commerce on Saturday.

It provides a one-stop service for enterprises in both China and African countries engaging in trade with each other.

China intend to open 14 similar centres in no distance time.

China and African countries have notably advanced their cooperation in recent years, with multilateral platforms such as the China International Import Expo and the Forum on China-Africa Cooperation playing a constructive role.

China has been the largest trading partner of Africa for 10 consecutive years. In 2018, the trade volume between China and Africa amounted to 204.2 billion U.S. dollars, up 20 percent year on year.

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