For Chinese businessmen, with mounting pressure on labor-intensive industries as cost is surging and industrial upgrading is urgently needed, Africa is a great destination.
Wang Lianfang, owner of Qiqihar Quanlian Heavy Forging Company Ltd. based in northeast China's Heilongjiang Province, set up an assembling plant in Senegal two years ago to find new markets amid slump domestic demand on agriculture machinery.
"Africa has strong demand," said Wang, who is selling seeders, tractors and harvesters in the west African country.
"The output is expected to reach 2 billion yuan (291 million U.S. dollars) within 5 years," said Wang, adding that the company has been working hard for survival in the past three years.
The transfer of labor-intensive industries from China can also give a strong push to Africa's industrialization and modernization. It will expedite the economic take-off of Africa in the same way as how the industrial transfer had benefited China, Justin Yifu Lin said.
AGRICULTURE AND POVERTY REDUCTION
With abundant resources, a large population and a vast market, Africa is still the poorest continent and falls behind in the overall context of development and is battling poverty and hunger.
For 11 years, paddy land has been Hu Yuefang's battlefield in Madagascar to fight against poverty.
"Madagascar can reach the self-sufficiency in rice as long as 15 percent of its rice planting area belongs to hybrid varieties," Hu Yuefang said, adding that the average yield of hybrid rice produced by Chinese technologies in Africa is two to three times more than that of local ones.
【国内英语资讯:Xinhua Headlines: China-Africa trade expo to forge closer economic partnership】相关文章:
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