Grow­ing to­gether

ChinAfrica - - Africa Report -

The Chi­nese group’s en­try dove­tailed per­fectly with Ethiopia’s five-year “Growth and Trans­for­ma­tion Plan (2010-15)” when the gov­ern­ment fo­cused on light in­dus­try, seek­ing an industrial shift to­ward high-end man­u­fac­tured prod­ucts.

It is an ex­am­ple of how Chi­nese in­vest­ment is cre­at­ing a win-win sit­u­a­tion for both Africa and China. And Guang­dong in south­east China, Hua­jian’s home, is a role model for such mu­tu­ally ben­e­fi­cial co­op­er­a­tion.

Ac­cord­ing to the Guang­dong Pro­vin­cial Gov­ern­ment, in 2015 alone, the prov­ince in­vested in 28 pro­jects in Africa, with new in­vest­ment con­tracts to­tal­ing $510 mil­lion, a year-on-year growth of 317.1 per­cent. It raised Guang­dong’s in­vest­ment pro­jects in Africa to 176 and the value of in­vest­ment con­tracts to $1.46 bil­lion. This has been pos­si­ble due to the grow­ing in­ter­con­nec­tiv­ity be­tween Guang­dong and African coun­tries. By 2015, there were 25 in­ter­na­tional con­tainer liner routes from Guang­dong to the con­ti­nent and as­so­ci­a­tions be­tween Guangzhou Port, Port of Dur­ban, South Africa,

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