Services to shine in nation's trade with Africa
China-Africa trade in services has huge potential while the cooperation will gradually expand into finance, information, insurance and legal services, experts said.
"China is the world's largest developing country while Africa is the continent with the most developing countries. And the potential is huge for bilateral trade in services," Sun Zhenyu, head of the China Society for WTO Studies and former Chinese ambassador to the World Trade Organization, said in a forum during the China International Fair for Trade in Services.
"Africa is speeding up the construction of infrastructure, developing agriculture and manufacturing as well as attracting technology and capital. It is becoming a hot destination for investment," Sun said.
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