日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Africa

Investment in Africa 'should be the focus'

By Chen Yingqun | China Daily Africa | Updated: 2016-01-31 15:22

China's economic relationship with Africa should change from focusing mainly on trade and project contracts to strengthening investment, says Xu Weizhong, the executive director of the Institute of African Studies at the China Institutes of Contemporary International Relations.

Xu says China's economic relationship with Africa has had two main drivers in the past: trade and project contracts.

"But if the China-Africa relationship wants to develop deeper and sustainabley, the big driver should be China's investment in Africa," he says.

 Investment in Africa 'should be the focus'

Local employees working for Sinopec at a project in Sudan participate in a training course. Tong Jiang / For China Daily

The institute's report says China-Africa bilateral trade was about $220 billion last year, but China's cumulative investment in Africa was only $30 billion. China-Africa trade volume accounts for about 20 percent of Africa's total foreign trade, and China has been Africa's biggest trade partner for seven years in a row.

"China-Africa trade volume is already very high, and most contract projects are already done by Chinese companies, so the potential in these two aspects won't be too much. But in investment, the potential is quite big," Xu says.

"Many products made by Chinese SMEs are usually not only able to satisfy the demand of the destination country, but also that of neighboring countries.

"Moreover, fluctuating commodity prices affect the project contract business a lot, and if Chinese companies continue to focus on it, they are likely to meet with more financing risks."

Xu says Asia's economic growth is the fastest in the world, with sub-Saharan countries ranked second.

He says two things in Africa - rapid urbanization and a growing population - provide great investing opportunities for Chinese companies. "I have visited many African countries, and many of their cities look like what China was going through at the beginning of reform and opening-up in the 1980s, with new buildings being constructed everywhere, which gives Chinese companies many opportunities," he says.

Africa's economic development used to rely on primary goods, but now it wants to develop its manufacturing strength and industrialize.

"China's manufacturing industries have overcapacity, and these surplus capacities are what Africa needs," he says. "From this point of view, I think Europe and the US cannot replace China's role in Africa, as their products are too high-end for the market right now, and it will be emerging markets that will compete with Chinese companies."

Another sector with potential is agriculture, Xu says. The focus should shift from the cooperation model mainly based on aid to commercial operations such as processing and storage of agricultural products.

Chu Yin, a researcher with the Center for China Globalization, a think-tank based in Beijing, says that rapid urbanization and quick population growth requires not traditional aid but investment that offers employment to local people.

He suggests that China also offer professional training to local workers.

He says their research on Chinese companies investing in Africa found that in a big shoe factory in Addis Ababa, capital of Ethiopia, the salary of a local worker with good skills is one-sixth that of a Chinese worker and their productivity is about 70 percent of the latter.

"It means there are two things that could be improved: One is to strengthen the training of African workers; another is to groom Chinese or local managers who understand local culture and regulations to lead local teams rather than having thousands of Chinese workers there."

He says that more Chinese professional training schools and companies should also invest in Africa and teach young people technical skills and other knowledge that would also benefit the China-Africa relationship in the long run.

chenyingqun@chinadaily.com.cn

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 黄色三级三级三级三级 | 亚洲区成人777777精品 | 一区二区免费在线 | 杨思敏毛片| av午夜精品 | 成人精品区 | 国产成人在线一区 | 日韩av在线一区二区三区 | 成人首页 | 欧洲亚洲视频 | 精品成人在线 | 欧美午夜久久 | 国产精品激情 | 一级一级黄色片 | 黄色片子在线观看 | 亚洲欧洲天堂 | 一级免费黄色录像 | 国产精品99久久久久 | 亚洲影库| 亚洲 欧美 中文字幕 | 伊人网大香 | 午夜欧美在线 | 欧美高清a| 丁香激情五月少妇 | 午夜视频黄色 | 国产视频一二三 | 日本高清视频免费看 | 成人免费视频网站在线看 | 国产一区二区成人 | 九九午夜 | 日韩激情一区二区 | 久久久久久爱 | 成人免费在线视频网站 | 久久免费少妇高潮久久精品99 | 天堂综合 | 国产一区二区三区在线视频 | 国产成年人在线观看 | 黄色污网站在线观看 | 最好看的中文字幕 | 黄色片在线播放 | 亚洲国产视频网站 |