Domestic Small And Medium Shoe Enterprises Invest In Africa To Achieve Win-Win Development

2010/9/18 10:24:00 92

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Medium And Small Shoe Enterprises

Speaking of Africa, resources, markets, investment environment and other words gradually entered the field of vision.

Coupled with the Chinese government's policy towards Africa in recent years, it has undoubtedly promoted the development of trade between China and Africa.

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Shoe industry

More and more Chinese small and medium-sized enterprises begin to turn their eyes to Africa, only to achieve win-win development.

according to

Industry experts

It is pointed out that China's investment in Africa by small and medium-sized enterprises has become an upsurge.

Wang Chao, Vice Minister of Commerce of China, said that since the beginning of this year, China Africa trade has resumed growth. In the first half of this year, it has reached 61 billion 200 million US dollars, an increase of 65% over the same period last year.

Wang Chao said that in recent years,

China Africa economic and trade

Cooperation has flourished.

From 2000 to 2008, China Africa trade grew by an average of 33.6%, and in 2008 it exceeded US $100 billion for the first time. In 2009, China became Africa's largest trading partner.

China Africa economic and trade cooperation is highly complementary. Africa is a continent with a large population and great potential for development. China has vast markets, rich experience in development, and capital and technology badly needed by African countries.

Traditional industries have larger opportunities for survival and development in Africa.

Africa is rich in resources and has great potential for market demand, but the industrial economy is relatively backward.

China's small and medium-sized enterprises have strong processing and manufacturing capabilities, and the two sides have strong complementarity. Labor-intensive enterprises such as shoemaking, clothing, handicrafts and so on have strong survival and development space in Africa.

For example, Li Chuanfa, a business owner of Taizhou in Zhejiang, invested in Egypt in 2002 to establish an angstrom brothers Footwear Company, which now owns more than 50% of Egypt's tourist shoes market.