Thursday, July 19, 2012

Beijing seeks mindset change on Africa ties

[BEIJING] China is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China.

Chinese state-owned firms in Africa face criticism for using imported labour to build government-financed projects such as roads and hospitals, while pumping out resources and leaving little for local economies, an image Beijing wants to change at the Forum on China-Africa Cooperation starting today.

"As China's economy transitions, shifting labour intensive industry to regions outside of China offers production opportunities," Zhong Jianhua, China's special envoy to Africa, told Reuters this week.

"African countries should seize this opportunity," he added. "They can step into a track that China has taken in the past to develop their own industry."

Source: http://www.businesstimes.com.sg/premium/china/beijing-seeks-mindset-change-africa-ties

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