Chinese firms in Africa urged to create local jobs
Updated: 2013-03-18 21:01
(Xinhua)
|
|||||||||||
BEIJING - An official with the National Development and Reform Commission (NDRC) has urged Chinese businesses in Africa to create jobs for local residents and increase local tax revenues.
Liu Hongkuan, deputy director of the Department of Foreign Capital and Overseas Investment under the NDRC, made the remarks at a forum with the theme "Chinese Businesses in Africa" held here on Monday.
In an effort to create jobs for locals and boost local tax revenues, Liu said eligible Chinese enterprises are encouraged to invest in Africa in areas such as power generation, energy, building materials, farming, textiles and transportation and communication infrastructure, as well as engage in resource development and metals processing.
They should also learn about local customs, religious beliefs and African culture, and take on social responsibilities.
Liu also stressed dialogues and information exchanges between Chinese and African governments to facilitate understanding of local market demands and the demands of both African governments and Chinese enterprises.
Chinese people conducting business in Africa is a market-driven commercial behavior in line with international practices, Liu said, adding that efforts of governments from both sides are needed to create a stable and predictable investment environment and help enterprises handle practical obstacles.
Liu cited official figures saying the actual investment volume of Chinese enterprises surged from 75 million U.S. dollars in 2003 to 2.9 billion U.S. dollars in 2012, with an average annual growth rate of 50 percent.
There are now over 2,000 Chinese enterprises operating in 51 African countries and regions, covering virtually all business sectors, Liu said.
Related Stories
China wholeheartedly welcomed by Africa: FM 2013-03-05 17:11
Diplomat talks on China-Africa cooperation 2013-02-27 14:15
Chinese state councilor applauds China-Africa relations 2013-02-17 01:33
China-Africa trade hit record high 2013-01-02 14:31
Conference told of growing China-Africa trade 2012-11-28 14:00
African trade to surpass EU, US 2012-10-13 01:09
Today's Top News
Police continue manhunt for 2nd bombing suspect
H7N9 flu transmission studied
8% growth predicted for Q2
Nuke reactor gets foreign contract
First couple on Time's list of most influential
'Green' awareness levels drop in Beijing
Palace Museum spruces up
Trading channels 'need to broaden'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |
Firms crave cyber connection |