2014-February-28
Realities and Opportunities – Chinese Private Enterprises in Africa
By LIU QINGHAI
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| The author on Goree Island, Senegal. |
IN recent years, growing numbers of Chinese enterprises have initiated investment in Africa. From 2009 to 2012, China’s direct investment in Africa increased from US $1.44 billion to US $2.52 billion, with an annual growth of 20.5 percent. Over the same period, China’s cumulative direct investment in Africa rose from US $9.33 billion to US $21.23 billion. Currently, over 2,000 Chinese enterprises are operating in more than 50 African countries and regions, private enterprises accounting for the great majority of them.
Africa is deemed a land of promise by businesses from around the world.
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Services
Economy
- Are You Ready to Perform?
- Beijing’s Green Courtyard
- China’s CSR on the Global Market Fast Track – An Interview with Xu Zongxiang, vice president of China South Locomotive & Rolling Stock Corporation Limited (CSR)
- China’s Changing Development Pattern
- China Accelerates Transformation of Its Economic Development Model