Three major business opportunities for small and medium-sized enterprises to invest in Africa need to be solved
three major business opportunities for small and medium-sized enterprises to invest in Africa need to be solved
China Construction machinery information
Guide: at the 14th China International Investment and Trade Fair held in Xiamen from September 8 to 11, Chinese and African officials, business people and experts pointed out that Africa has rich resources, broad markets The increasingly perfect investment environment and the policies issued by the Chinese government in recent years to promote China's investment in Africa will attract more and more
at the 14th China International Investment and Trade Fair held in Xiamen from September 8 to 11, Chinese and African officials, business people and experts pointed out that Africa's rich resources, broad markets, increasingly perfect investment environment and the policies issued by the Chinese government in recent years to promote China's investment in Africa will attract more and more Chinese small and medium-sized enterprises to invest in Africa and achieve win-win development. At present, the investment of Chinese small and medium-sized enterprises in Africa is becoming an upsurge
experts pointed out that at present, Chinese small and medium-sized enterprises' investment in Africa still has some problems to be solved, such as the lack of clear investment strategies, imperfect financial support and security system, and increasingly fierce competition
more and more Chinese small and medium-sized enterprises will "go to Africa"
Wang Chao, Vice Minister of the Ministry of Commerce of China, said that since this year, China Africa trade has resumed growth, reaching US $61.2 billion in the first half of the year, an increase of 65% year-on-year, and is expected to exceed US $100 billion in the whole year
Wang Chao said that China Africa economic and trade cooperation has flourished in recent years. From 2000 to 2008, China Africa trade increased by an average of 33.6% annually, exceeding US $100billion for the first time in 2008; In 2009, China became Africa's largest trading partner
Wang Chao said that China Africa economic and trade cooperation is highly complementary. Africa is a continent with a large population and great development potential; China has a broad market, rich development experience, and the capital and technology sampling technology urgently needed by African countries
at present, Chinese enterprises are actively investing in Africa, with more than 1600 investment enterprises and investment projects in 49 countries in Africa, involving agriculture, mining, processing and manufacturing, infrastructure, trade circulation and other fields. In recent years, China Africa economic and trade cooperation has been expanding. In addition to traditional industries such as trade and infrastructure construction, the cooperation between the two sides in agriculture, finance, tourism, transportation, new energy, health, education and other fields has also achieved satisfactory results
China Africa Heavy Industry Investment Co., Ltd. is a joint venture jointly funded by China YITUO Group and China Africa Development Fund. It is committed to investing in the establishment of agricultural machinery and construction machinery assembly marketing centers in many African countries
said Li Youji, chairman of the company; "The low level of agricultural mechanization and backward infrastructure in most African countries have led to slow economic development. In recent years, more and more African countries have strengthened their attention to agriculture and infrastructure construction, and the increasing demand for agricultural machinery and construction machinery has provided opportunities for Chinese manufacturing enterprises to enter the African market."
at present, China Africa Heavy Industry Investment Co., Ltd. has established assembly plants and marketing service centers in South Africa, C ô te d'Ivoire, Benin and other five countries, providing tens of thousands of agricultural machinery equipment for local agriculture, directly employing nearly 200 machinists, and training hundreds of students for local technical schools, which has produced good economic and social benefits
huangmeibo, a professor at the school of economics of Xiamen University, said that resource rich Africa is one of the key areas in China's implementation of the "going global" strategy. The China Africa Forum was established in 2000, including the establishment of the China Africa Development Fund and other new measures, which have been introduced continuously, promoting the rapid growth of China's investment in Africa, scorched but not dripping
Huang Meibo said that among the more than 1600 enterprises investing in Africa at present, except for more than 100 large enterprises, the vast majority are small and medium-sized enterprises; Investment in Africa is mainly concentrated in resource exploitation, light industrial product manufacturing, construction, agriculture and other industries. It can be predicted that with the implementation of relevant policies of the third China Africa Forum, more small and medium-sized enterprises will go to Africa
small and medium-sized enterprises' investment in Africa is profitable.
Huang Meibo said that enterprises' investment and entrepreneurship in Africa have a relatively rich return. Many African countries have low taxes, low labor costs, abundant energy and low prices. At present, most of the enterprises investing in Africa have achieved good performance and received relatively generous returns. For example, Ningbo Xinglong Automobile Industry Co., Ltd. developed copper and cobalt concentrates in Congo, and invested $20million in sales that year and $60million in the second year
"Africa has a lingering attraction to Chinese goods, which are of high quality, low price and rich variety. Most Chinese goods are very suitable for the consumption of African people." After graduating from university in 1993, Hui Honglin, who was sent to Africa by a Chinese state-owned enterprise to explore the market and has now established his own company, has a deep understanding of business opportunities in AfricaFrom 1993 to 1997, Hui Honglin worked in Togo and Congo Benin in Africa. During this period, he inspected the markets of many African countries, "this is one of the optional hot spots for the development of Chinese enterprises." In 2001, huihonglin established its own company in Shenzhen, mainly engaged in the export of textiles to Africa
Africa has achieved huihonglin's dream and will continue to provide him with a stage for development. Now, his company has exported US $20million for five consecutive years. In May this year, he set up a solar energy technology company with the main target of African solar energy application product market
Huang Meibo said that the spontaneous investment behavior, active business activities and large survival and development space of traditional industries in Africa are the characteristics of current Chinese small and medium-sized enterprises' investment in Africa
since the establishment of the China Africa Forum in 2000, China Africa economic and trade cooperation has developed in depth, the main bodies of investment in Africa have become increasingly diversified, more and more private enterprises have moved to Africa, the traditional state behavior has changed into enterprise behavior, and small and medium-sized enterprises spontaneously invest in Africa for commercial interests, which has expanded the scope of China's investment in Africa unprecedentedly, and the current coverage of countries has reached 81%
business activities are active, but most of them are small businesses. There are nearly 900 trading and productive enterprises set up by small and medium-sized enterprises in African countries, mainly involving the retail industry with flexible operation and the primary processing industry with low technology content. The investment scale is small, and the total investment of more than US $1million accounts for a very small number
traditional industries have great room for survival and development in Africa. Africa is rich in resources and has great market demand potential, but its industrial economy is relatively backward. Chinese small and medium-sized enterprises have strong processing and manufacturing capabilities, and the two sides are highly complementary. As pioneers, labor-intensive enterprises such as shoe making, clothing making and handicrafts have a strong space for survival and development in Africa. For example, Li Chuanfa, the business owner of Taizhou City, Zhejiang Province, invested in Egypt to establish Egypt China brothers Footwear Co., Ltd. in 2002, which now accounts for more than 50% of Egypt's tourist shoe market
3 major problems need to be solved.
experts at the meeting pointed out that the problems faced by Chinese small and medium-sized enterprises in "going to Africa" are unclear about appropriate investment projects, lack of investment funds, and increasingly fierce competition
fan Zhanjun, assistant general manager of the operation and Management Department of China Africa Development Fund, currently, China Africa Development Fund has passed more than 30 investment decision-making projects, with a total investment of more than US $5 billion. About 30 projects have been approved internally, and some projects are being tracked and cultivated. However, this obviously cannot meet the growing demand of small and medium-sized enterprises for investment and financing in Africa
Huang Meibo said that small and medium-sized enterprises lack their own funds and cannot meet the requirements of banks in terms of credit, mortgage and so on, resulting in poor financing and exchange channels of foreign exchange funds, which restricts the investment decision-making and scale of enterprises in Africa. At present, although China has issued some policies to encourage enterprises to "go global", the financial support is limited
the spontaneous investment of small and medium-sized enterprises, due to the limited understanding of Africa, the lack of clear positioning of investment strategies, the lack of a clear and long-term investment plan, coupled with the poor overseas operation ability of small and medium-sized enterprises, do not have sufficient human resources, especially the lack of talents who understand Africa, understand operation, management and foreign languages, has affected the development and growth of enterprises
in addition, with the increasing demand for energy, raw materials and markets in the development of the world economy, western countries have increased their control over Africa in terms of investment and assistance. Some countries also use human rights as an excuse to accuse China of investing in Africa. Printing the test value can be used for activities
the experts at the meeting believed that to solve the capital problem of small and medium-sized enterprises, the relevant Chinese departments should significantly increase preferential funds and set up a special support fund for small and medium-sized enterprises to invest in Africa on the basis of the China Africa Development Fund; Encourage Chinese financial institutions to enter Africa and provide local Chinese small and medium-sized enterprises with facilities such as financing, trade settlement and financial management consulting
the government has established a special agency to be responsible for information consultation and evaluation of investment in Africa, master the political, economic, cultural and other information of relevant investment fields or regions, and provide help for Chinese enterprises to invest in Africa
on the other hand, small and medium-sized enterprises themselves should improve their competitiveness in the African market by means of increasing technology research and development, improving product quality, and widely exploring markets, so as to continue to develop and grow in the current situation of enterprises in various countries competing for the African market