China gives preferences to Africa

This is a smart move. Chi­nese imports from Africa are main­ly raw mate­ri­als on which the duties are not very sig­nif­i­cant, although it has a small trade deficit with the con­ti­nent as a whole. 

The Min­istry of Com­merce said Chi­na has offered tar­iff exemp­tions for cer­tain com­modi­ties from 25 devel­op­ing African coun­tries. (Chi­na Dai­ly)

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