国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Small can be beautiful for investors in Africa

By Hou Liqiang (China Daily) Updated: 2015-09-21 10:06

"As their credit is downgraded, they will find it more and more difficult to obtain financing. This makes it a must for African governments to seek a balance between infrastructure construction and economic diversification," he added. "I found in my talks with some African officials that the countries, at least in their top policymaking, show a strong desire for China to participate more in their industrialization."

But their stage of industrialization is not at the same level as China's, which is now upgrading. Neither is it the same as the restructuring that is going on in major developed countries.

"Many African countries are now at entry-level industrialization, similar to the agricultural sector," Li said. "Chinese SMEs that have come up in the past several decades are the most experienced in dealing with such a stage.

"Though they have surpassed that level after several decades' development, these Chinese entrepreneurs have firsthand, personal experience in doing that.

"For many developed countries, however, it's the entrepreneurs of the previous generation or even earlier who have development experience in the stage African countries are in," Li added.

Investment at this early stage of industrialization may be too small for big Chinese State-owned companies. But SMEs are well suited for this kind of challenge, Li said. Projects in which the big, State-owned companies are involved in usually come at a later stage in industrialization.

While Chinese SMEs have potential advantages in African countries, Li said they still face hurdles in turning this potential into reality.

"Currently, many enterprises hold that the investment environment in Africa isn't comparable with that of China," he said. "The problems include the low efficiency of governments, bureaucracy or failures to perform. This is quite widespread in Africa."

"For many SMEs, it's not easy to achieve success in Africa, even though there are opportunities and preferential policies there," Li added.

Naturally, it will take time and patience for Chinese SMEs to reap the rewards of their hard work in African countries.

"Knowledge in a specific area alone is not enough to work well overseas. This integration can't be accomplished through a single action, but it can get better and better," he added.

Hot Topics

Editor's Picks
...
玛沁县| 中卫市| 信丰县| 临海市| 夏河县| 南雄市| 汾阳市| 布拖县| 西乌珠穆沁旗| 集安市| 申扎县| 桦川县| 洛川县| 扶余县| 会宁县| 浮梁县| 宁南县| 玉田县| 泰兴市| 宁远县| 八宿县| 汾阳市| 永泰县| 确山县| 丹寨县| 共和县| 衡水市| 辽中县| 厦门市| 阳谷县| 冷水江市| 高台县| 枣强县| 彰武县| 仙居县| 定陶县| 远安县| 邵东县| 息烽县| 仁寿县| 简阳市|