After the crisis era, the "gold" Africa trade priority
The representatives of the 15 African countries’ industrial and commercial circles smashed the “hydrangea†on the “China-Africa Business Interaction Exchange†held in Wuhan from 21st to 22nd last month. A Wuhan entrepreneur who has been working for 6 years has come out of saying that African daily necessities are scarce. If a brand is made, the price will at least double that of domestic.
Deputy General Manager of Wuhan Jinli Trading Co., Ltd. and Yunshan worked in a Hong Kong company in Nigeria. He said that the rich and poor of African countries are very different. The economy of North Africa and South Africa is developed, but most countries lack light industry and agriculture, and high technology is blank. The level of development in Nigeria is similar to that in China in the 1960s and 1970s.
And Yunshan introduced that in light industry in Africa, the cost is lower than domestic, and the price can usually be sold more than doubled in China. He has promoted the mineral water produced by his company and achieved the fourth place in Nigeria in less than a year. The retail price per bottle is equivalent to 3 yuan. High-quality vegetables grown locally by Chinese companies are about the same price as meat, and are in short supply.
According to the Wuhan Municipal Council for the Promotion of International Trade, since the end of the Beijing Summit of the China-Africa Cooperation Forum in 2006, China-Africa economic and trade cooperation has continued to deepen and develop. Although there is still a gap between China and Africa in terms of trade volume with Africa, the amount of non-trade in Hubei Province has increased significantly in the past three years. Especially after the international financial crisis last year, the trade against Africa has risen against the trend.
Statistics show that in the first nine months of this year, due to the impact of the international financial crisis, the total import and export volume of our province dropped by 22% year-on-year, but the import and export of non-imports and exports has sprung up by 30%.
Liang Guining, deputy director of the Overseas Economic and Trade Research Center of the Ministry of Commerce, told this reporter that although the African market is vast, it is forbidden to invest blindly. China’s investment in Africa is currently concentrated only in its coastal countries. When Chinese companies go out, they should first invest in trade and follow the development plan of African countries. At the same time, in addition to more communication with the CCPIT, the embassy and the local government, it is better to carry out cluster-type foreign investment, so that it can win more preferential benefits and facilitate mutual communication.
The head of the African Chamber of Commerce delegation, Gidom, gave three points of advice: transparent and open transactions; improved efficiency, timely communication; and technical funding to achieve mutual benefit.
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