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GD explores African market
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GUANGDONG Province in south China has sent a high-profile business delegation, led by Governor Lu Ruihua, to Africa in search of business opportunities.\;
The delegation, which left last Tuesday for a 15-day tour in Africa, will host the 2001 China Guangdong-Africa Economic, Trade and Technology Fair in Johannesburg, South Africa.\;
The fair is seen as one of a series of business promotion activities Guangdong is to hold in Africa as Guangdong enterprises are eager to further tap the rich resources and huge market potential in Africa. \;
Guangdong is known as an economic powerhouse of China and enterprises in the province have formed a sharp competitive edge during the rapid development of the local economy.\;
Guangdong forged economic ties with Africa in the 1960s, and bilateral trade has developed rapidly in recent years. Last year, Guangdong's trade with Africa reached US$1.73 billion, growing by 10 per cent from 1999 and accounting for one-third of the China-Africa trade.\; (Xinhua)
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