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Africa: Chinese Firms Spur Africa's Socio-Economic Transformation

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[Capital FM] When China launched its acclaimed reforms and opening programme in the late 1970s, part of the strategy was to encourage its enterprises to explore trade and investment opportunities abroad. Africa was one of the natural places Chinese companies set their eyes on. Africa was characterized by weak industrial chains, poor infrastructure connectivity and high levels of penury. The continent also presented less competition for Chinese companies given that the few western firms with footprints in Africa were mo

Source: allAfrica.com

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