Chinese companies have done well in the African market in terms of legal operation, local taxation and care for local employees, Wang Xiaoyong, vice-chairman and secretary-general of CABC, said.
Chinese firms are committed to investing in five important drivers of the African supply chain: inventory, production, location, transportation and information, says a new report about China’s investments in Africa released recently by the China-Africa Business Council, which feels Chinese firms have been a positive and productive part of the African market.
“More than 3,800 Chinese enterprises have made investments in Africa and dozens of China-Africa economic cooperation zones and industrial parks have been developed across the continent,” Rahamtalla M Osman, permanent representative of the African Union to China, was quoted as saying by official Chinese media.
China is Africa’s fourth largest investor and has been Africa’s largest trading partner for 13 years.
Fibre2Fashion News Desk (DS)