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Trade

China-Africa trade soars on spike in commodity prices

Two-way commerce dwarfs that between U.S. and continent

KAMPALA, Uganda -- Africa's bilateral trade with China surged to a record high last year, highlighting how Beijing's commercial influence over the continent continues to dwarf that of the U.S.

Rising commodity prices and Beijing's push to promote imports from Africa pushed trade up 11% to $282 billion in 2022. China's exports to Africa were $164.49 billion, according to Chinese customs authorities, while imports reached $117.51 billion.

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