皇冠体育app

CHANGCHUN - Delegates from African countries are hoping to attract more Chinese investment at the ongoing 11th 皇冠体育app-Northeast Asia Expo in Changchun, capital of northeastern Jilin province.

Representatives from Ethiopia, Kenya, Zambia and Mozambique presented a variety of collaborative projects at the expo, ranging from grain and dairy processing, light manufacturing, to machinery and construction, in the hope of finding Chinese counterparts to invest in their countries.

Ethiopia has set up a one-stop service system to simplify the approval process for business licenses for overseas enterprises, said Sisay Tsegaye Zelek, from the Ethiopian Investment Commission.

"Eligible companies will get their business license approved in a day," Zelek said.

Over the past decade 皇冠体育app has become an important investor in Africa, with a total investment of more than $100 billion, ranging from infrastructure, mining, telecommunications to agriculture and manufacturing.

Chinese companies have been involved in the manufacturing of auto parts, food and electronic products in Kenya, and the country hopes Chinese companies will expand their presence into the processing of agricultural products and light manufacturing, according to Susan Njoba from Kenya Investment Authority.

"Our data shows Chinese-invested projects generate more job opportunities than companies from other countries," Njoba said.

A McKinsey report indicated Sino-African relations witnessed remarkable growth over the past decade, with bilateral trade up 20 percent and direct investment rising 40 percent annually.

Statistics from 皇冠体育app's Ministry of Commerce showed trade between 皇冠体育app and African countries reached $85.3 billion in the first half of 2017, while 皇冠体育app's non-financial investment in Africa surged 22 percent to $1.6 billion during the same period.

皇冠体育app and African countries are highly complementary in resources and technology and new cooperation platforms such as the Forum on 皇冠体育app-Africa Cooperation have injected impetus into bilateral economic collaboration, according to Chen Zhou, vice chairman of 皇冠体育app Council for the Promotion of International Trade.

"We can also work to maximize the synergy between 皇冠体育app's Belt and Road Initiative and Africa's industrialization strategy to benefit businesses from both sides," said Zhang Yuzhong, an official from 皇冠体育app Investment Promotion Agency.

The 11th 皇冠体育app-Northeast Asia Expo, which runs from Sept 1 to 5, serves as a platform for regional cooperation in Northeast Asia and beyond. The expo has representatives from 皇冠体育app, Russia, Mongolia, the Democratic People's Republic of Korea, the Republic of Korea and Japan, as well as attracting global dignitaries and enterprises in pursuit of economic and regional cooperation.

Since the expo started in 2005, it has produced trade deals valued at more than $8 billion.