• China Hyway Group Limited
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2015-03-17

Guo Chongli: Make Chinese Investment in Africa Clearly

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   The pace of internationalization of Chinese enterprises is speeding up. All walks of life are finding opportunities in the global market layout, and internationalization of Chinese enterprises is entering into “new normal”. However,  Chinese enterprises are faced with many unknown risks, challenges and misunderstanding during the internationalization. The internationalization of Chinese enterprises has significant influence not only on international political economy but also on the image of China.

   Guo Chongli, Vice-chairman of China International Studies Foundation, former Chinese Ambassador to Kenya and Jamaica and Senior Consultant of International Ecological Safety Collaborative Organization, said Chinese enterprises “going global” is a national policy and is the only route that China must take at such stage when he took part in the special program of Voice of China 

   Guo Chongli ever acted as Chinese ambassador in African countries and said there are more than 2000 Chinese large enterprises in Africa. The amount of investment is rising substantially and reached over $25 billion last year; the amount of trade reached over $200 billion. Many Chinese enterprises are located in Africa, which is generally a win-win choice. 

    Ambassador Guo said Africa requires investment and technologies from China at such stage of economic development, and Chinese technologies are suitable; the national conditions of China are matched with those of Africa and China's African polices are welcomed by the local government and people. Politically speaking, we are a country not interfering the internal affairs of other countries and our enterprises “going global” were engaged in assistance work and made contributions to the local economy during the past, which is a tradition. 

   Chinese investment in Africa isn’t assistance any longer but is a mutual benefit and win-win situation. 

   However, the enterprises “going global” aren’t only engaged in assistance but enter into a win-win situation. Guo Chongli thinks the internationalization of Chinese enterprises will significantly improve the image of China.

    Firstly, China attracted investment from foreign countries in the past but in 2014 the amount of investment in foreign countries exceeded the amount of investment attracted, that marked a historical turning point. In some sense, it’s the time for the economic development of China to make a turn and it’s the time for Chinese enterprises to go global. This is a good international image; African, Latin America and other developing countries as well America, Europe and other developed countries welcome Chinese investment, especially in current times when the world economy is gloomy.