Maputo, Mozambique, 03 Nov – The President of Mozambique, Armando Guebuza, is due to take part in the China-Africa summit to be held this weekend in Beijing, at the invitation of his Chinese counterpart, Hu Jintao, officials said.
Speaking on the importance of the summit for Mozambique, China’s ambassador to Mozambique, Hong-Hong, said Wednesday in Maputo that the event would encourage the development of trade relations between the two countries.
Hong noted that trade between Mozambique and China had been increasing over the last few years, and in 2005 totaled US$165 million.
In 2005, China exported goods to the value of US$90 million to Mozambique, and imported US$75 million from its African partner.
In the same year Chinese business owners invested some US$48 million in Mozambique in agriculture, trade and industry. (macauhub)