Africa to be more attractive for Chinese investors

An increasing number of Chinese
@;lQKy/OB&R
5RPQ&w'@ enterprises will consider Africa as the destination of their investment as the m
gC5w\O[x
G
'I$dV"sSh?P
ancient continent has seen a better investment environment in recent years and B
x[{z+NB*YU]({

cX1y4ECC)a the Chinese government has put forward a series of measures to encourage Chinese YV9SV7ZZ

}qQ)}-M?qQ7r enterprises to start business here.
Y#m8uE9f2d

pA%O7xu__     The total of China's investment in Africa has reached 6.27 %gv-oJK#zj

n6s1P_|2{E
vs billion U.S. dollars by the end of 2005 and it has been channeled to the fields
t!^Vq[YV:R
X;?L6u"P\eh3^3u such as natural resources, infrastructure, architecture, textile, transportation !oI3o0lA)D

7p%B'Q%i4w0K['WwB_ and power. c%} dh0N~
;]3kz7H7eLM(Vy{
    The contracted projects undertaken by the Chinese side in
1c$E%J/q}Q
9e]2A-vDR&K Africa have ranged from house building, petrochemistry to electricity,
:C"H(V{k2U
w{/_'? sA@Z*Y$?|e
transportation and telecommunication. U7]4gc])T$P

r;Q6f9P'd#x     According to the statistics from the Import and Export
xS6k ?l-e
7U+p&AjW Bank of China, over 100 enterprises of the 800 Chinese businesses with #H:[|!rcR7Bd@

(?&fK{0N.[6|%L R investment in Africa are middle or large-scale state-owned ones, while the
B2u C#v/[M7t_C 5yg(zI^9?.E
majority of the rest are individual-run.
Y4i Y|W1vm,~E Nfoo`;c1@yG
    The extensive presence of Chinese enterprises enables them akm?g7dX#d3|+N
1mKq1zq?]*C A
to be an unneglectable force in African business sector. }R)V8M3t
D9]n Db
sg5~ H\gX ew
    A fundamental reason for Africa's growing attraction to
4A6x0m3an"q:Jon
vZT1f-tu the Chinese enterprises is the improvement of investment environment in the sskG4UfX OTn

!x1c `WAsp continent. African economy has stepped out of the shadow of a lasting downturn f/T8VN
U M

`#WU2@X8H)x and embraced a rare opportunity for development since 2003.
T6_n4e-wA
&DX?n O*f'wF:b     As the International Monetary Fund forecast, African -O7["QD?+N

X(p(g]r0eKU countries will have an average economic growth rate of 5.9 percent this year. A
"A)_-lC!BS ~%f
o'E'q4_({yv'M'u report from the World Bank also pointed out that two-thirds of African nations C ]&i5]z^'yZiv2`


I&h7Bz4X%w?[o made at least one reform to improve their business environment in 2005-2006, /gm-\Mldx

^ ^4\$gn|ICD#^&\ among which Tanzania and Ghana staged outstanding performance.
vq5RG wIs$GJ P+b
C%G$|4o!L7RI
    The tendency towards political stability, the steady
5O/mskG_0w-Y_$RF
M)Y/G2c#SQ economic growth, cheap labor force and favorable measures tailored to attract 0B!C#`^?#l*@

'qLa'jn%Om foreign investment have guaranteed that Africa is in a prime time in terms of
bNAbh y

ERUe:qv investment environment since the 1970s.
:en'^ i,l:wT_w Jj5gX@
    In addition, the encouragement measures put forward by the
)@&i/t0gQu6Hs rY
J7b"Cv`!q[bR Chinese government have added an impetus to the efforts of the Chinese )NR-{3E]5MC-?
@i-E`W8g(?e9dq
enterprises to gain access to Africa. 1mxB"Yg6GzI

*OjK)\7i;Gt     Beijing announced a series of steps to strengthen the
1Z!~4N M lY (~!A'm7d e
Sino-African economic and trade cooperation during the Beijing Summit of the -o!H?!Sr;\ p

sh-~P$_v%_y Forum of China-African Cooperation (FOCAC) last November, offering an !kf%eN)[da!d

*U ^b f1]@_j1} unprecedented new opportunity for the Chinese enterprises to invest in Africa.
F5g1Q9j5g`%m#V|~)b
Zn#BM!^.D(~
g/B*j
r;^pW
0P9A1~
L`1x*|     The eight steps announced by Chinese President Hu Jintao
CTA%{1o"E.h D
9cd)k.^%x'` to boost the pragmatic cooperation with Africa and five proposals put forward by n&M](A:Hv L4n3^E"x

x?k!t#^BZU Chinese Premier Wen Jiabao last November have all created sound conditions for
|?^D NPeP
1pQYMv7Hz&`k the Chinese business to make investment in Africa. k`F2`:r;H

ZE KR[2OX!b
x     "Stepping into Africa" brings about a win-win result for -f^1MnCh |
B:v\!s%P^
Africa and China. mCt&^m#a$@8bY&d.X
}8[ V)EW&}6i
    The latest report from the World Bank said that China's
&|}8[&`wW \K8~ XXk}2DYyl}R%G
investment in Africa is playing a positive role in boosting African economic *HKwe YE:W
1Z2Irp3U
growth and such impact will be greater in the future.
%j-L5D!ErN(Gm 9M7i&|U[h/y rx
    Gobind Nankani, the World Bank's vice president for Africa
\+X,t:vZ2t%v!d %@(GQW:h(B
wY
[
region, said last November that African countries are benefiting from increasing ;f w iUk j
_
wu2FU1V
f*Y
Chinese investment, and will benefit more with more technologies from the
lM\/C.H :q-S1G.lTu I
Chinese enterprises.

reply

what you said is quite right.Maybe we will find larger importer from Africa:hug: :D

Good thing:v
}6ao2o tM
a s,?/K\'CA
but for garment business
&W7m3LN-D^ y;r1R0A1J3I
seemly it will not good for investment in Africa

Reply #1 vip's post

well ,i got your ponion ,and have the same feel.
'w.H|YlRl(I hv*b thx for your inf.