China and Africa sign Hangzhou Declaration

in Africa
Today, 43 African countries government and Chinese 500 over enterprisers signed Hangzhou Declaration in Hangzhou Zhejiang; deepen bilateral trade cooperation fellow relationship. They are trying to expand and deepen cooperation to promote Africa to become the emphasis region of China "going out" strategy under the rules of equality, mutual benefit, and double win. In the history, the economy and trade cooperation of China and Africa has a very long time. Since 1959, they had started economic activities. While in the twice Touchroad Africa investment summit forum, there are more than 100 African investment projects reached and implemented. The Hangzhou Declaration signed this time is the political promise that each African national government and Chinese government and enterprisers set up better relationship. "Although Africa is the poorest continent currently, it is a giant market. There are many demands need satisfied and many places can satisfy other countries." African Alliance vice chairman Elisabeth Tankeu expressed, African economy is recovering. Its growth speed has exceeded 5%. The trade cooperation with China gave the developing Africa supplied demands, let them has dependence. Elisabeth Tankeu also said, the investment returning rate of Africa is the highest in the world, while now the African political situation is tending to stable and urgent to go out of difficult environment. "We hope some Chinese enterprisers who have adventure spirit and enterprises need African market to gain capital cooperate with us in different fields." Zhejiang Construction Investment Group Limited Company vice GM Liu Jianwei expressed, China has more population and less land and labor, in addition to the RMB appreciation, more and more enterprises put their eyes on investing outside. "Africa has more resource less development. It conforms to the eyesight of investors. We are preparing to cooperate with African in more fields now. At the same time of introducing capital and technology, we will train their skilled workers." It is known that Zhejiang Construction Group Limited Company has conducted trade cooperation with many regions such as Japan, Spain and Mid-East in the several decades of implementing "going out" strategy, among the countries, Africa is the top priority. Currently, this company has invested 40 projects in Africa. The contract amount reached 10 billion RMB. Coincidently, Shanghai Touchroad international holding group is optimistic to African market, now it has stayed in Africa for 11 years. It established branch in eight countries of Africa, possessing more than 20 countries' business in Africa (China business). "Chinese economy and African economy has large complementary and prospect." Shanghai Toughroad International Holding Group president He Liehui is very optimistic to the prospect of investing African market. At the same time, each national governor of Africa all expressed their thoughts, they hope China could create better investment environment so that they can utilize Chinese investment term fully to communicate and cooperate with China in all kinds of fields and develop the project comprehensively (China wholesale). They will learn and draw lesson from Chinese experience and technology. The two countries will got what they need, mutual benefit and double win. From: wholesale suppliers
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China and Africa sign Hangzhou Declaration

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This article was published on 2010/10/13