African en­cour­age­ment

ChinAfrica - - Africa Report -

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)

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