China has great room for development in African hardware

Research by a subsidiary of the National Development and Reform Commission shows that Chinese companies have a lot of room for development in Africa. More and more inexpensive "Made in China" bicycles, motorcycles, televisions, and textiles are becoming best-selling products in distant African continents. The research report stated that “the continent’s market with 700 million people is not only vast, but also full of opportunities. Almost all African countries have a large demand for light industry, home appliances, electronics and other products, and this is exactly what many Chinese businessmen ignore. Huge market."

When certain countries use trade barriers and non-tariff trade barriers to block Chinese products, Chinese enterprises go to Africa to develop. It is not just a way out for the West to brighten up in the West, it is also a way to let go and occupy the hatchback, in the economy. The "city" that surrounds the world with the "rural" of the world. Researchers at the National Development and Reform Commission believe that Africa has 53 countries with annual trade volume of 250 billion U.S. dollars, while local industries generally lag behind and most of the goods are imported. The business opportunities in Africa come from the highly complementary Chinese and African economies, which are highly complementary in resources, industry, trade, and markets.

In fact, China's agriculture and aquaculture are also important channels for developing economic and trade cooperation with Africa. One Shandong farmer went to the Chinese company in Kenya as a cook and discovered that the local land rental price was cheap, the light and heat conditions were appropriate, and the vegetable market was huge. So he began to grow vegetables in Kenya. After several trials, he made a fortune in growing vegetables, and he also promoted the development of vegetable farming in Kenya, which was welcomed and affirmed by the Kenyan government. Therefore, not only light industries such as textiles and garments and electronic industries, but also traditional industries such as agriculture and fisheries have great potential for moving to Africa.

Macroeconomic conditions in African countries are generally poor, the domestic economic structure is single, and the international balance of payments situation is particularly unbearable. As a result, most of the least developed countries in the world are concentrated in Africa. They are also global beneficiaries of poverty reduction and debt relief. However, as long as their rich natural resources and human resources can be developed, many African countries will increase their ability to pay. Even if they don't have hard currency to pay for it at the moment, companies can make some profitable purchases of Africa's many resources back to China and they can get good profits.

As a developing country, what we generally welcome to attract foreign capital is foreign companies that can fill domestic production gaps, fill domestic production gaps, or increase domestic employment and help export. Similarly, when Chinese companies go to Africa, they should not only focus on profitable short-term interests, but also focus on building capacity for helping African economies self-development. Only in this way can we achieve the result of win-win and long-term interests of the guests and the owners.

Given that China has given special preferential tariff treatment to some African countries, Guangdong has already begun to tap the "gold mine" of African preferential commodities. According to statistics from Gongbei Customs, in the first quarter of 2006, the value of the preferential goods imported from the Guangdong Customs in Africa was 3.77 million U.S. dollars, which was 3.4 times that of last year. It is also a development direction for enterprises to purchase African resources to carry out primary processing and then transport them back to the domestic supply market.