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Central China province targets $12b trade with Africa by 2028, focusing on mining and modern agriculture_我的网站
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Central China's Hunan Province, a key locality in developing trade ties with African countries, aims to ramp up its foreign trade with Africa to 80 billion yuan ($11.86 billion) by 2028, according to a three-year action plan posted on the provincial government's website on Sunday.
The action plan focuses on 12 key African countries, aiming to build about 10 landmark projects involving production capacity cooperation and create one or two pilot projects under the "Two Countries, Twin Parks" model. The plan also aims to establish a service system for economic and trade cooperation with Africa.
The action plan highlights six of the province's competitive industries - mining, automobiles and parts, construction machinery, medical devices, modern agriculture, and green energy - and specifies differentiated and industry-specific development paths to form a full-chain and actionable road map.
The road map is one of the seven major measures outlined by Hunan to further improve trade and economic cooperation with African countries. The move is also aimed at tapping into a national policy that took effect on May 1, which expanded zero-tariff treatment to cover 53 African countries that have diplomatic relations with China.
In 2025, Hunan's trade with African countries totaled 58 billion yuan, ranking first for the seventh consecutive year among China's central and western provinces.
A Chinese analyst said on Sunday that as a locality and free trade zone that pioneers in China's trade and economic cooperation with African countries, Hunan enjoys a high level of industrial complementarity with African trading partners. Deepened cooperation between China and Africa will have particular significance amid the global headwinds of protectionism, said the analyst.
"The province's leading construction machinery sector could fit African countries' need to upgrade their raw material trade greatly and boost local industrialization. There is a perfect match of advanced Chinese production capacity with local development needs by these countries seeking to diversify their exports category," Song Wei, a professor at the School of International Relations and Diplomacy at Beijing Foreign Studies University, told the Global Times on Sunday.
Hunan has in recent years beefed up exchange and training programs for African experts, and emerging sectors such as agricultural products processing will serve as the new growth drivers of the province's cooperation with trading partners on that continent, building on the new opportunities brought by China's opening-up and a notable rise in African agricultural exports to China, Song said.
In particular, the action plan calls for improving supporting facilities for mining projects in Africa, expanding the scale of resource shipments back to China, boosting exports of mining equipment, and gradually building mining testing laboratories and setting up an investment fund for exploration in Africa in the mining sector.
The province also looks to increase exports of knocked-down vehicle kits, explore ride-hailing markets in key African countries, and expand used car exports in the automotive and parts sector and speed up product market certification to promote exports of medical equipment and supplies through China-Africa friendship hospitals in the medical device sector.
In the construction machinery sector, the action plan calls for improving alignment with Chinese-invested major infrastructure and mining engineering projects in Africa, expanding exports of branded machinery, and promoting exports of remanufactured construction machinery.
For modern agriculture, the province will set up integrated centers in Africa for agricultural machinery production, sales, and services, simultaneously cultivate projects that integrate production and trade, and coordinate the expansion of exports of competitive products and imports of distinctive African agricultural products.
In the first seven months of 2026, China's total trade with Africa reached 1.66 trillion yuan, up 18.9 percent year-on-year, closely trailing the growth rate of ASEAN at 20 percent year-on-year and making it one of China's fastest-growing trade partners.
The value of exports to Africa grew by 20.4 percent while that of imports shot up by 16.4 percent.
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二 | 8月21日电 国务院新闻办公室8月21日举行“开局起步‘十五五’”系列主题新闻发布会。
三 | 财政部副部长廖岷表示，“十五五”时期，将努力建设一个更为强大、稳固、平衡、可持续的财政，为基本实现社会主义现代化取得决定性进展提供坚实的财政保障。 廖岷介绍，过去五年，财政宏观调控效能不断提升，有力支撑了经济社会高质量发展，并实现了财政可持续性，财政作为国家治理的基础和重要支柱作用进一步彰显。2021—2025年，全国一般公共预算收入共计106万亿元，支出合计135万亿元，较“十三五”时期均有较大幅度的增长。 廖岷称，“十五五”时期，财政部门将不折不扣抓好落实，锚定全面建成社会主义现代化强国目标，高质量谋划实施财政政策，高效能加强财政宏观调控，高水平推进财政管理监督，推动中国式现代化开创新局面。概括起来，就是要努力实现六个“进一步”。 一是财政实力进一步增强。保持财政收入与宏观经济的协调增长，在经济高质量发展中不断培育稳定可持续的财源。
四 | 强化财政资源和预算统筹，把依托行政权力、政府信用、国有资源资产获取的收入，全部纳入政府预算管理。
五 | 统筹盘活使用各类资金资源资产，聚“小钱”为“大钱”，集中财力保障国家重大战略任务和基本民生。
六 | 二是财政支出结构进一步优化。以零基预算改革为抓手，打破支出固化僵化格局，大力压减低效无效支出，以事定钱、有保有压，提升公共资金使用效率，把宝贵的资金用到政策效果更好、人民群众更需要的地方。财政支出更多转向投资于人，支持国内消费，增强国内大循环内生动力。坚决落实党政机关习惯过紧日子要求，不该花的钱坚决不花。 三是财政宏观调控效能进一步提升。
七 | 发挥财政政策扩大总需求和定向调结构的双重优势，不断增强财政宏观调控的前瞻性、针对性和有效性。通过逆周期管理和跨周期调节，既推动经济运行在合理区间，又着力解决经济结构性、深层次问题，促进经济实现质的有效提升和量的合理增长。 四是财税体制改革进一步深化。适应我国发展阶段的变化，进一步完善预算制度，健全有利于高质量发展、社会公平、市场统一的税收制度，建立权责清晰、财力协调、区域均衡的中央和地方财政关系，助力实现高效能国家治理。 五是财政科学管理水平进一步提高。构建横向到边、纵向到底的财政管理体系，将财政管理从资金源头贯通到使用末端，开展全链条穿透式监管，杜绝“跑冒滴漏”。加强财会监督，牢牢守住财经纪律“高压线”，管好护好国家的“钱袋子”。 六是财政重点领域风险进一步化解。把不违规新增地方隐性债务作为“铁的纪律”，落实好一揽子化债方案，扎实推进地方存量隐性债务化解工作，加快构建与高质量发展相适应的政府债务管理长效机制，在发展中化债、在化债中发展。多措并举增强地方自主财力，兜牢基层“三保”底线。
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