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

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China becomes single largest contributor of Africa's FDI: Report

Xinhua | Updated: 2017-05-04 11:05
Share
Share - WeChat

CAPE TOWN - Chinese investment in Africa has increased dramatically, making the country the single largest contributor of foreign direct investment (FDI) capital and jobs in Africa in 2016, according to Ernst & Young's (EY) latest Africa Attractiveness report released on Wednesday.

Since 2005, China has invested in 293 FDI projects in Africa, totalling an investment outlay of $66.4 billion and creating 130,750 jobs, according to the report.

Chinese FDI into Africa is well diversified across sectors, covering resource-oriented ones as well as services and manufacturing, the report said.

The data released by EY, a London-headquartered professional services firm, also reveals diversification of Chinese investment across more countries, covering both resource-rich nations, such as South Africa, Nigeria and Angola, and agricultural exporters such as Kenya.

In 2016, jobs created from Chinese FDI projects hit an all-time high, more than double the number in 2015 and more than three times the number of jobs created by the next biggest investor, the United States, said the report.

"This highlights the job-creating impact of Chinese FDI on Africa," the report notes.

Besides trade and FDI, Chinese companies and state-related entities have financed and built many infrastructure projects across the continent, including ports, roads, railways, dams, telecom networks, power stations and airports, the report said.

One notable example is the launch of a Chinese-built railway linking Addis Ababa in Ethiopia to the port of Djibouti on October 2016, involving an investment of $4 billion.

The report also said the China-proposed Belt and Road initiative to rebuild the ancient Silk Road trading route could prove to be a win-win situation for both China and Africa.

The report noted that since the late 1990s, Sino-African trade has grown rapidly, with China now Africa's largest trade partner.

In 2016, China's exports to Africa stood at $82.9 billion while imports from the continent were valued at $54.3 billion, according to the report.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
扎兰屯市| 辽源市| 贡嘎县| 盐池县| 庆城县| 剑阁县| 湘阴县| 潜山县| 印江| 布尔津县| 大竹县| 新郑市| 大洼县| 大厂| 秭归县| 金华市| 和田市| 衡阳市| 尚义县| 泸州市| 忻州市| 英德市| 唐山市| 汶川县| 海林市| 筠连县| 阜新市| 连州市| 库尔勒市| 高唐县| 萨嘎县| 法库县| 三门峡市| 阿坝| 江都市| 龙里县| 澎湖县| 建昌县| 马鞍山市| 青神县| 纳雍县|