African encouragement

African governments, realizing the benefits of such partnerships, are welcoming and helping Chinese investors.

Automobile company Foshan Nanhai Winhope International Trade Co. has been involved in the African market since 1998. Its business runs in countries many other investors tend to avoid due to the uncertain security situation, like Mali, Angola and the Republic of the Congo.

“We plan to invest in an automobile manufacturing plant in the Republic of the Congo, worth more than $200 million,” Wang Yi, President of the Winhope International Group, told CCTV. “And the government shows their support with orders of $500 million.” (Reporting from Guangzhou)