African Free Trade Zone enhances mainland attractiveness for Chinese industrial investments

African Free Trade Zone enhances mainland attractiveness for Chinese industrial investments

DR

The implementation of the African Continental Free Trade Zone (AfCFTA), which is supported by Portuguese-speaking countries, reinforces the continent's attractiveness for Chinese industrial investments, according to Jeremy Stevens, chief economist at Standard Bank South Africa responsible for China.

"As Africa's economies become more integrated, huge opportunities will emerge for consumer-sector companies - such as retail, telecommunications and banking - and for infrastructure industries, resource-related sectors and the entire agricultural supply chain", says Stevens in a recently published article.

As a result, he adds, "African industrial centers serving local and regional markets will begin to emerge," a "compelling proposition for entrepreneurs and investors that Chinese companies across the globe will find hard to ignore."

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