China has granted a zero-tariff condition to 98% of taxable products from 10 least-developed countries, including Lesotho; Malawi; Tanzania; Uganda; and Zambia, in what it said was aimed at promoting an open global economy. The country also said the policy will “gradually expand to all the least-developed countries that have established diplomatic ties with China”. News24 reports that last year, China received exports from Africa totaling about R1.7 trillion, up 43.7% from the previous year. In addition to maintaining a strong focus on oil, precious minerals, and metals, China is increasingly importing agricultural products and manufactured items.
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