The total trade volume between Nigeria and China for the first quarter of this year has hit $10billion but while China’s is surplus, Nigeria’s is deficit, the Chinese Foreign Trade Centre has said.

Speaking through the Centre’s Deputy Director-General and China’s Import and Export Fair Secretary General, Xu Bing,has at the concluding ceremony of the 121st session of the Canton Fair in Guangzhou, China, he said 1, 531 Nigerian businessmen visited the fair, being the second largest visitors next to Egypt.

The event attracted 200,000 buyers from 210 countries of the world. There were 24,000 exhibitors at the Fair.

According to him, there is great cooperation potentials between Nigerians and the Canton Fair, which exhibition it hopes to bring to the Nigeria soon.

The Fair, which holds biannually on April 15 and October 15, is the second largest import and export market in the world, contributing $2.1 trillion to the Chines gross domestic product (GDP).

It is organised by the China’s Central Bank as a comprehensive form of export of small and medium size Chinese merchandise and products.

Bing said: “This is our own way of contributing and promoting an open world policy to the world and drive its implementations.

“That is why over the years, the fair has never been halted since inception, including during the SARS, disease outbreak in 2003.”
Source: The Nation