China and Africa have been partnering on investments for approximately the last seven years. In September , delegates from both countries met at the seventh annual Forum on China-Africa Cooperation.
The level of China's investment in the continent of Africa has been increasing at a steady rate. China's investments in the largely undeveloped infrastructure of African nations are particularly strong, encompassing key areas such as utilities, telecommunications, port construction and transportation.
China's investments have the country well-positioned to profit from continuing economic development in Africa. Many Chinese firms investing in Africa are state-owned. The stakes in Africa are high due to the continent's rich abundance in raw materials.
Doing Business In China: How to Profit in the World's Fastest Growing Market by Ted Plafker
China has also been expanding its military presence into Africa and rivaling the United States on investment and military activity there. Investment in the continent has also been a topic of discussion for the United States and China in its ongoing trade negotiations and political deliberations. The focus on resource-rich Africa is a logical one for China. By working to secure a solid base of critical raw materials, China strengthens its economy for decades to come.
The African continent is a logical place for China to look to extend its geopolitical influence. As a result, prices cratered in As China's growth slows, prices for commodities used in manufacturing, such as metals, will drop. China buys U. It devalues the currency when needed to keep its export prices competitive.
The 3 Reasons Why Chinese Invest in Africa
The rise forced China to devalue the yuan. This ensured its exports would remain competitively priced with those from Asian countries that hadn't tied their currency to the dollar. China is a world leader in solar equipment manufacturing. These accusations are nothing new. During that debate, President Obama recounted how the U. In , President George W.
He had several successes. Blackstone Group.
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The U. It said it could not compete against subsidized prices. In August , China's spending on fixed assets such as factory machinery and public works slowed to its lowest point in 20 years. Part of that was a deliberate strategy to head off an economic bubble before it burst. It created business investment in capital goods. The government's emphasis on job creation left little funding for social welfare programs. As a result, the Chinese population was forced to save for retirement.
Most of the growth occurred in the cities along China's east coast. These urban areas attracted million migrant workers from the countryside. They remember Mao's Revolution all too well.
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The government must provide more social services, allowing workers to save less and spend more. Only an increase in domestic demand will enable China to become less reliant on exports. In addition, leaders must crack down on local corruption. Ted Plafker. Publisher: Business Plus , This specific ISBN edition is currently not available.
View all copies of this ISBN edition:. Synopsis About this title An A-to-Z guide to all aspects of pursuing and expanding business opportunities in China covers such topics as identifying top emerging markets, navigating the region's complicated legal arena, and understanding key cultural differences. Book Description : For executives, managers, entrepreneurs and investors, here is an A-to-Z guide to all aspects of breaking into - and expanding - one's business opportunities in the People's Republic of China.
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