South Africa's biggest bank, Standard Bank, on Monday said that trade between China and Africa is likely to be over US$200 billion this year.
The bank said in a report written by its economists that "this year it is expected that Sino-Africa trade will go beyond US$200 billion up from US$166 billion in 2012."
China accounts for 20 percent of Africa's trade and Africa has become China's fastest-growing export destination and trade partner. China's trade with Africa has grown nearly
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