So subscribe and dont miss out. Stories of people whove world over information they provide. The means they want to express g. W. On facebook and twitter today in touch following. China is a strengthening business ties with africa i didnt invest a conference 10. 00 capital across contacts and deals are being made but critics say chinas influence on the continent is getting uncomfortably. Also for years off the devastating terror attacks on beatriz ols that left dozens. The foreign visitors dead tourists are coming back to tunisia. This is a business africa. Has welcomed china wants to deepen its business presence in africa is stablished itself as the largest trading partner of the continent last year alone trade between china and african countries stood over a little over 200000000000 u. S. Dollars with china benefited the most but the country is now setting up trading platforms and events to further strengthen its ties with african economies one such event is taking place in ghana this week china has surged from almost no way to become ghanas top trading partner with bilateral trade at 6700000000. 00 u. S. Dollars in 2070. This week in ghanas capital accra is hosting a major trade forum focusing on china and africa the china trade week will bring together over 500. 00 african and chinese businesses thousands of visitors a set to attend. Chinas main priority is to deepen its trade relations the african continent has become one of its Major Business partners. Ghana is currently chinas 7th largest african trading partner in 2018 alone by lateral trade between the 2 countries reached 7250000000. 00 us dollars and the running trade tensions between china and the u. S. Have helped to shift africa ever further into the limelight. So well weve done the business we have a conflict with europe. And i always america whatever but are we africa we do business because we. Just exchange. So. So we have no problem. Last year ghana sold almost 2 and a half 1000000000. 00 worth of goods to the Chinese Market and officials hope to use this in future. We need to identify new markets for products given the size of china and what we are currently doing we believe through for the good news we kind of did for other markets within the. Within china and north africa definitely also provides a market for you know some products and. Witnesses to how far china has come and this other month. Of the world literally 10 that something on a in business is determined to make use of. Our 1st moment. Conference and across chinas increasing presence in africa has also been much criticized most of the projects that are chinese built with Chinese Labor and materials have to come across criticism that conference. There have been criticisms of this conference largely largely focus not some of the issues youve raised but also. On the quality of some of the products from china especially products that are produced locally so were talking about pirated products for example in ghana and ive been concerns about a textile industry so they have been concerns about these and the quality of these products and also appreciate of some Chinese Companies in some of these countries for example in the Mining Industry have been destroyed environment ive been destroyed because china really is just mining their Natural Resources desk by these criticisms and many other people here to feed back is that they think that china is a powerful force in the world and so do need to really trade with them because their advantage is also for them african economies if were talking about ghana. Will it benefit or is there a price of paying dependence on chinas market and credit. Yeah there are benefits for the official say tell me that. One you want to really export to china because the market is huge and you want to take advantage of that to grow the economy because china is. A direct investment a country in ghana when it comes to products or put it out of taking place in the country which means that china has become an important country for gonna be so there are advantages for them they told me. I circulate see across thank you very much. Thank you for the ministry in tunisia was devastated by a terror attack and 2015 which left dozens of foreign visitors injured many tourists switched to safer european destinations but now tourists coming back to finish. Cinesias comeback as a holiday destination is gaining momentum memories of the appalling attacks have faded the political situation appears stable and the appeal of sun and sand is undiminished. Its also a good value destination for a holiday compared to european or asian resorts and travelers get there quickly from europe there were 2300000 tourists in the 1st 4 months a rise of nearly 20 percent over the Previous Year its a cause for optimism this year the forecast is for 9000000. 00 tourists in total an all time record hoteliers are pleased. Our hotel is 100 percent occupancy since april were very happy about the return of confidence in tunisia. It was. Hes not the only one whos relieved 2000000 chin is ians depend directly or indirectly on the Tourism Sector its one of the most important sectors of chinas economy accounting for 8 percent of gross domestic product. And has plenty of potential for growth desert tourist through the northern sahara or visits to National Parks like to may for many species of animal have settled the government is investing in infrastructure and soon they hope eco tourism will bring in new revenues. To some of the other Global Business stories making headlines today abba us has sold 50 new long range plans to American Airlines be a 320 or 21 x l r was launched at this weeks Paris Air Show and is yet to go into production the deal came a day after the surprise announcement that British Airways has put in order for boeings grounded 737 not just. The f. B. I. Is reported to be investigating what the doj about broke u. S. Money laundering laws the New York Times last month reported that transactions flagged by employees at its Compliance Division as suspicious were not referred to the authorities some of the transactions were allegedly links to companies controlled by u. S. President donald trump and his family his great. Love tons of passengers may be in for some strike chaos this summer with subsidiaries your wings and german wings likely to be hardest hit the focus is on the wage this stuff will vote next week on whether to take action or not meanwhile looked on the says it will retaliate with legal action. Vision thing has become the 1st chinese leader to visit neighboring north korea for 14 years its a sign of improving relations between the 2 traditional allies despite a drop in trade between them both president and one will want to make sure that trade remains strong despite u. N. Sanctions against china secretive communist brother country. The chinese president s arrival on north korean soil was a momentous one clearly not everything that crosses the border between the 2 allies is weighted with such excitement most of the exchanges between china and north korea happen here the friendship bridge across the yalu river 70 percent of bilateral trade passes here between dandong and the north korean city of sin nature traditionally heavy metals made of a big part of that trade the u. N. Sanctions imposed in 2017 banned exports of them to and from north korea with electrical goods coal cars and textiles also subject to restrictions un sanctions have taken their toll in 2800 exports from north korea to china are thought to have dropped by 88 percent trade in the other direction fell by a 3rd. North korea can at least rely on one commodity crossing the border the number of Chinese Tourists is thought to be at a record high trade relations are healthy enough that a new Border Crossing was opened in april this year and around the same time north korean officials were invited to a key summit on president shes flagship belton road initiative. The maintenance of imports and exports remains essential to both countries kim jong un needs chinas help to develop a struggling economy and beijing needs influence over its unpredictable and excitable ally. Despite its name african swine fever is not an african problem the highly contagious diseases sweeping through asia right now farmers in vietnam about to kill more than 2500000 pigs to try and contain an outbreak that is in danger of engulfing the whole country meanwhile across the border in the worlds biggest pork market that is china the break that started nearly a year ago shows no sign of abating experts are already calling it the largest animal disease outbreak in history. China is the worlds top pork producer and consumes more pork per capita than any other country apart from vietnam but pork prices are rising as african swine fever devastates an Industry Worth 113000000000. 00 euros annually the disease kills almost all the pigs it infects chinas Agriculture Ministry says the breeding herd has declined by 24 percent nearly a year after the virus emerged in china scientists are still trying to deduce how they can stop the disease which is being able to spread between farms separated by hundreds of kilometers. With a virus like africans 5 can actually fairly easily although all spreads and its they arent really. Really good ways of controlling a disease we believe that we may have anything between 10 and 30 percent of the animals in china infected. Pfeiffers says its the most complex and largest animal disease outbreak ever chinas National Statistics office indicates that the National Herd has to. Mined by 40000000. 00 pigs in the last year an indication of how many have been slaughtered due to the disease while the disease cannot be transmitted from peaks to humans the impact on the Food Production industry is likely to be severe. Compound and by the high density of pigs in chinese piggeries. Just a hint was enough the u. S. Federal reserves indication that the rates cuts could happen as soon as next month as have a Significant Impact on markets the price of gold rose to its highest level in 5 years on thursday it reached around 1386. 00 an ounce thats a rise of almost 3 percent on the start of trade. And thats it from me on the business africa team here check out our website d. W. Dot com slash business. News africa is next right after this. Global markets. Are 1st economy most of. Them. Doors grand the moment arrives. Joining around you turn on her journey back to freedom. You know work interactive documentary stories in the running returns home phone d w dont come to tanks. Its on have been going to fit. Your link to news from africa the world your link to exceptional stories and discussions to no one will come to the day of his suffocating program tonight from phone in Germany Phone uses easy to go out with say deputy home smash africa join us on facebook t. W. Africa. This is deja vu news africa coming up in the next 15 minutes just i was from now the opening and the 1st afghan game in egypt and its a word for riveting action as the best of africas football talents battle it out in what is the continents biggest sporting toilet. And what these guys are doing here is harvesting salt and they say they need to wait condiments to do it well find out why
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