BIZCHINA / Biz Media Digest

Trade: Africa is an ideal market
(Chinanews.cn)
Updated: 2006-06-01 14:07

Bicycles, motorcycles, TV sets, textile productsĄ­More and more made-in-China products of good quality and low prices are becoming goods in great demand in remote African countries. The Chinese government recently published a report saying that Africa is an ideal market for products made in China.

This report targeted at Chinese enterprises looking to invest in Africa was prepared by the research institute of international economy under the International Cooperation Center of the National Development and Reform Commission. It provides Chinese investors reliable statistics and authoritative analysis about Africa and shows that Africa will be a new hotspot for overseas investment in the next several years.

"With 700 million people, Africa is not only a vast market, but also a land with numerous opportunities. Nearly all African countries have great demand for light industrial products, household appliances and electronic products. This is a huge market many Chinese merchants have ignored," says the report.


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