Core Insights - Starting from December 1, 2024, China will grant 100% zero-tariff treatment on products from the least developed countries that have diplomatic relations with China, expanding the zero-tariff policy to 53 African countries as announced in June 2023 [1] - The continuous upgrade of the zero-tariff policy has lowered the entry barriers for African products into the Chinese market, injecting strong momentum into China-Africa trade cooperation and contributing positively to global economic development [1] Group 1 - China is taking proactive steps to expand imports, showcasing its role as a major global player. As the world's second-largest goods import market, China is increasingly opening its doors to share development opportunities with more trade partners [1] - In the first three quarters of this year, imports from least developed countries that have diplomatic relations with China increased by 9.7% year-on-year. China has maintained its position as Africa's largest trading partner for 16 consecutive years, with imports from African countries growing by 10.8% year-on-year in the third quarter [1] Group 2 - The zero-tariff policy reflects a win-win scenario, allowing high-quality African products such as Sudanese cotton and Liberian natural rubber to enter the Chinese market for the first time, enriching consumer choices in China and opening markets for small and medium-sized enterprises in African countries [1] - This policy demonstrates China's commitment to high-level openness and serves as a bond for mutual benefit between China and Africa, providing opportunities for development and contributing to greater global economic growth [1]

Core Viewpoint - The article highlights China's commitment to expanding zero-tariff policies for least developed countries (LDCs) that have diplomatic relations with China, effective from December 1, 2024, which aims to enhance trade cooperation with Africa and contribute positively to global economic development [1] Group 1: Zero-Tariff Policy - From June 2023, China announced the expansion of zero-tariff treatment to 53 African countries, significantly lowering the barriers for African products to enter the Chinese market [1] - The zero-tariff policy has been a part of China's strategy to actively increase imports, showcasing its role as a major global player in trade [1] Group 2: Trade Growth - In the first three quarters of this year, imports from LDCs that have diplomatic relations with China increased by 9.7% year-on-year [1] - China has maintained its position as Africa's largest trading partner for 16 consecutive years, with imports from African countries growing by 10.8% in the third quarter of this year [1] Group 3: Mutual Benefits - The introduction of African products such as Sudanese cotton and Liberian natural rubber into the Chinese market enriches consumer choices in China and opens up markets for small and medium-sized enterprises in Africa [1] - The zero-tariff policy is portrayed as a demonstration of China's responsibility as a major power and a means to foster mutual benefits between China and Africa [1]