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

Mutual benefit

By Andrew Moody and Zhong Nan (China Daily) Updated: 2013-01-04 09:39

Mutual benefit

Philip Nyinguro, associate professor of international relations at the University of Nairobi. [Photo/China Daily]

"I can remember when Sanlitun (now the bustling entertainment district in Beijing) was just bush and Shenzhen was a small fishing port and now it is like Hong Kong. There is a feeling if they can do it, we can do it too," he says.

Over tea in the diplomatic residence in Accra bedecked with Chinese artifacts, Gong Jianzhong, China's ambassador to Ghana, says outsiders often misunderstand the China-Africa relationship because they forget China - despite being the world's second-largest economy - is also a developing country.

"In GDP per head terms China ranked until recently behind Angola and not far ahead of Ghana. Fifty years ago we faced the same challenges, and today we face the same challenges," he says.

"If you go to the countryside in China, you see the same problems that are faced here in Ghana. In both there are issues of healthcare and infrastructure. We both have a strong desire to develop our economies."

Perhaps the biggest way China is helping Africa is in building infrastructure. The lack of functional roads and unreliable power supplies makes it very difficult for many businesses to operate at all in many parts of Africa. Transporting both raw materials and finished goods to market is a major headache.

According to a 2010 World Bank report, Africa needed to spend $93 billion on infrastructure every year to sustain future growth. With current spending of only about $45 billion, it cannot meet half that target.

Wale Shonibare, chief executive officer of UBA Capital, the investment bank subsidiary of UBA Group, one of the largest banks in Africa, based in Nigeria, says Chinese companies are very efficient in building infrastructure.

"The Chinese just say we will come in and build this or that and also provide the funding. There are none of the problems of trying to attract foreign investment into particular projects, which takes a lot of time," he says.

"China spends around 12 percent of its GDP on infrastructure development, whereas a country like Nigeria spends just 3 percent, the last time I checked. We need to spend more in order to sustain growth."

China will go and build infrastructure where others fear to tread. Chinese companies were the first into Liberia in 2006 after it had been wracked by civil war for a generation. The country has very limited power and because of the shortage some of the world's highest electricity costs.

Samuel B. Nagbe Jr, assistant minister in the Ministry of Public Works in the capital Monrovia, says Chinese involvement has made a difference.

"Chinese companies are the only actors in terms of infrastructure contracts. This is because they were prepared to take the risk when everyone else didn't feel secure to go there," he says.

Hot Topics

Editor's Picks
...
临桂县| 新余市| 昌邑市| 开封县| 霍山县| 佳木斯市| 宁都县| 嫩江县| 汉沽区| 建水县| 大英县| 社旗县| 山西省| 丁青县| 台州市| 股票| 麻江县| 利辛县| 沙田区| 邵东县| 鞍山市| 陆川县| 固安县| 万盛区| 绥棱县| 开阳县| 沈阳市| 辰溪县| 白河县| 肃宁县| 安陆市| 定边县| 河北区| 高邮市| 沾化县| 拉萨市| 靖州| 永吉县| 昌乐县| 淮阳县| 平武县|