Stability key to growth of manufacturing
By Li Aoxue (China Daily) Updated: 2014-02-24 07:34It has also completed road construction projects in Ethiopia, such as the Gedo-Nekemt (130 km), Mekenajo-Ayra (53 km) and Chanka-Dembidolo (63 km).
Jose Eduardo dos Santos, president of Angola, says the design of the Mocamedes Railway is artistic and practical, the quality is firm and the project's functional facility is complete.
"Liu and his company have really done something that improves the development of the country and people's lives," Santos says. "They finished the project on time. We were impressed with the hard working spirit of the Chinese people."
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Liu's business has employed up to 20,000 African workers. As much as 80 percent of Hyway's business is in Africa. The enterprises have an annual output of $1.4 billion. "Our next plan is to build up more manufacturing factories in Africa," Liu says. He says developing Africa's manufacturing industry is a must because it will make African people less dependant on exports.
Liu now owns several manufacturing factories in the fields of furniture, steel, brick and coating in Angola and Mozambique. He says these are not only used for Hyway's construction projects, but also for Africa's domestic market.
Recovering agricultural development in some parts of Africa would help develop the continent's economy, Liu says.
For example, Liu says Angola used to be a big agricultural export country before it was colonized by Portugal.
"Our next plan is to develop an agricultural business in Angola and Mozambique, because it can provide food for the local people and also develop into an export industry that brings benefits to the local people," Liu says.
Liu's company is also keen on doing resource exploitation in Africa. In Guinea, the company is working on an iron mining zone that covers 3,000 square kilometers.
"Africa is full of resources. If these resources can be explored and developed properly, it could not only bring economic benefit to the local people but also help develop the local economy," Liu says.
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