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

 
Home> Latest News

Low Ethiopian labor cost attracts Chinese investors

Updated: 2013-12-31 07:43
By Yao Jing ( China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

More companies are shifting part of their production lines to the African nation to save money and also tap new markets, Yao Jing reports

China's active involvement in Ethiopia's infrastructure, such as construction of roads and bridges, has been in the spotlight. Recently, Chinese investors' rising interest in the plateau country's labor intensive industries - a mixture of leather, steel and automobiles - is coming into sharper focus.

Against a background of rising labor costs and risky excess capacity in the domestic manufacturing sector, some Chinese producers are shifting part of their production lines to Ethiopia to lower costs and also tap new markets.

Unlike the noisy and dusty capital Addis Ababa, which is full of construction sites, driving 30 kilometers southeast to the Oromia region, the Eastern Industrial Zone presents a much more industrial look with tidy buildings, orderly workshops and international companies.

Winning the bid to be Second Overseas Economic Cooperation Zone in November 2007, sponsored by China's Ministry of Commerce, it now accommodates 18 companies in its finished 23,300 square kilometers since the first tenant moved in back in 2011.

"As the industrial sector in Ethiopia is almost a blank slate, the transition of Chinese producers is not only driving the country's industrialization process, but also helping Chinese manufacturers out of a dilemma," said Qian Zhaogang, commercial counselor at the Chinese Embassy in Ethiopia.

Two-way trade between China and Ethiopia jumped 56.3 percent to $1.84 billion in 2012. China's major exports to Ethiopia were mechanical and electrical products, textiles and garments, while Ethiopia was mainly shipping sesame, leather and cotton to China, according to the Ministry of Commerce.

By the end of 2012, China's outbound foreign direct investment in Ethiopia totaled $600 million, focusing mainly on industrial zones, automobiles and leather.

Apart from the Eastern Industrial Zone's recent contract with multinational consumer goods company Unilever Plc, which rents a workshop covering 5,000 square meters, it is breeding Chinese producers, including footwear maker Huajian Group, automobile producer Lifan Group and Eastern Steel Co Ltd.

Low Ethiopian labor cost attracts Chinese investors

"We can make 1.5 million pairs of shoes every year. Most of them are exported to the United States and Europe.

That accounts for 90 percent of our production," said Wei Yongquan, general manager at Huajian International Shoe City (Ethiopia) Plc.

One order for high-heeled black sandals, labeled in the US as the fashion brand Guess, had just been completed and was awaiting packaging and shipping.

All of the workers in the busy workshop were local young people.

"We employ 3,300 local people. Their average age is 22," said Wei.

Previous Page 1 2 3 Next Page

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

寿光市| 吉林市| 界首市| 四会市| 那坡县| 横峰县| 嫩江县| 高平市| 安西县| 祁阳县| 南安市| 平陆县| 万源市| 辽宁省| 宕昌县| 阜阳市| 华阴市| 慈溪市| 临夏县| 永安市| 疏勒县| 松溪县| 乐都县| 建瓯市| 阜康市| 肇东市| 乐至县| 崇礼县| 顺昌县| 阆中市| 关岭| 胶州市| 新龙县| 阳泉市| 万安县| 聂拉木县| 黄浦区| 商洛市| 五台县| 安庆市| 娄底市|