Ethiopian president says colonial models of assistance are changing, and China's investment in Africa will transform the fortunes of the continent.
At a time when foreign automakers are planning to consolidate their presence in China, their Chinese counterparts are looking to boost exports to newer destinations.
Zheng Gang's first business deal was collecting scattered rice-field eels from villagers, selling them to the market and earning the price difference. He was 8 years old.
Big-ticket infrastructure projects have often been the preferred calling card for Chinese companies in overseas markets such as Africa.
The company, Guanghzou-based Sunda International Trading Co, is banking on its Africa-specific brands and villa construction projects to grow profits and establish strong links in Africa.
Chinese manufacturers and investors see South Africa as a ticket to the continent and both sides are broadening links to help rebalance trade ties.
The South African Mamba Cement project inked a deal on financing, marking China's first successful investment through project financing in Africa.
China Export-Import Bank on Monday signed a deal to lend $319.5 million to finance the expansion of Zimbabwe's major hydro-power station.
A recent survey conducted by Chinese researchers found that Chinese private enterprises in Africa, though not fully motivated of fulfilling corporate social responsibility.
Chinese firm Sepco III has signed a deal to build a 318 megawatt coal-fired plant in eastern Morocco, the state power utility ONEE said.
The China Civil Engineering Construction Corporation laid a foundation stone for the building of two rail stations in Nigeria.
China Jiangsu International and the Addis Ababa Education Bureau on Tuesday signed an agreement to construct two schools in the Ethiopian capital.
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