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Domestic Labor-Intensive Enterprises Such As Shoemaking Have Many Opportunities To Enter Africa.

2010/9/21 9:30:00 66

Central African officials, business people and experts pointed out that Africa's abundant resources, broad market, and increasingly perfect investment environment and the Chinese government's policies in recent years to promote China's investment in Africa will attract more and more China.

Small and medium-sized enterprises

Invest in Africa and achieve win-win development.

At present, China's SME investment in Africa has become an upsurge.

Experts pointed out that the current small and medium enterprises in China

Africa

There is also a lack of clear investment strategy.

Financial support

Problems such as imperfect security system and increasingly fierce competition need to be solved.

More and more SMEs in China will go to Africa.

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 economic and trade cooperation between China and Africa has flourished in recent years.

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.

Wang Chao said that Sino African Economic and trade cooperation is highly complementary. Africa is a continent with 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.