www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

 
Home> Latest News

Low Ethiopian labor cost attracts Chinese investors

Updated: 2013-12-31 07:43
By Yao Jing ( China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

More companies are shifting part of their production lines to the African nation to save money and also tap new markets, Yao Jing reports

China's active involvement in Ethiopia's infrastructure, such as construction of roads and bridges, has been in the spotlight. Recently, Chinese investors' rising interest in the plateau country's labor intensive industries - a mixture of leather, steel and automobiles - is coming into sharper focus.

Against a background of rising labor costs and risky excess capacity in the domestic manufacturing sector, some Chinese producers are shifting part of their production lines to Ethiopia to lower costs and also tap new markets.

Unlike the noisy and dusty capital Addis Ababa, which is full of construction sites, driving 30 kilometers southeast to the Oromia region, the Eastern Industrial Zone presents a much more industrial look with tidy buildings, orderly workshops and international companies.

Winning the bid to be Second Overseas Economic Cooperation Zone in November 2007, sponsored by China's Ministry of Commerce, it now accommodates 18 companies in its finished 23,300 square kilometers since the first tenant moved in back in 2011.

"As the industrial sector in Ethiopia is almost a blank slate, the transition of Chinese producers is not only driving the country's industrialization process, but also helping Chinese manufacturers out of a dilemma," said Qian Zhaogang, commercial counselor at the Chinese Embassy in Ethiopia.

Two-way trade between China and Ethiopia jumped 56.3 percent to $1.84 billion in 2012. China's major exports to Ethiopia were mechanical and electrical products, textiles and garments, while Ethiopia was mainly shipping sesame, leather and cotton to China, according to the Ministry of Commerce.

By the end of 2012, China's outbound foreign direct investment in Ethiopia totaled $600 million, focusing mainly on industrial zones, automobiles and leather.

Apart from the Eastern Industrial Zone's recent contract with multinational consumer goods company Unilever Plc, which rents a workshop covering 5,000 square meters, it is breeding Chinese producers, including footwear maker Huajian Group, automobile producer Lifan Group and Eastern Steel Co Ltd.

Low Ethiopian labor cost attracts Chinese investors

"We can make 1.5 million pairs of shoes every year. Most of them are exported to the United States and Europe.

That accounts for 90 percent of our production," said Wei Yongquan, general manager at Huajian International Shoe City (Ethiopia) Plc.

One order for high-heeled black sandals, labeled in the US as the fashion brand Guess, had just been completed and was awaiting packaging and shipping.

All of the workers in the busy workshop were local young people.

"We employ 3,300 local people. Their average age is 22," said Wei.

Previous Page 1 2 3 Next Page

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

主站蜘蛛池模板: 国产欧美日韩精品第三区 | 国产精品永久免费自在线观看 | 一级做a爰全过程免费视频毛片 | 国产日韩三级 | 亚洲性久久 | 午夜欧美 | 欧美一级视屏 | 成人欧美在线视频 | 成年女人看片免费视频频 | 国产成人精品久久亚洲高清不卡 | 欧美黄视频 | 日本一区二区三区不卡视频中文字幕 | 国产精品自拍合集 | 国产欧美日韩综合精品一区二区 | 亚洲美女影院 | 精品久久久久久久久免费影院 | 亚洲www.| 国内国外精品一区二区 | 99久久99视频 | 国产一级做a爰片久久毛片99 | 精品一区二区三区免费视频 | 亚洲欧美午夜 | 亚洲免费视频一区 | 亚洲成a人片在线v观看 | 成人毛片免费观看视频大全 | 看一级毛片一区二区三区免费 | 欧美三级香港三级日本三级 | 欧美日韩精品高清一区二区 | 亚洲视频日韩视频 | 国产精品女在线观看 | 成人自拍网站 | 日韩中文字幕在线看 | 日本欧美一区二区三区在线 | 欧美日韩亚洲成色二本道三区 | 九色91| 中文字幕成人网 | 国产精品亚洲玖玖玖在线靠爱 | 91久久精品一区二区三区 | 久久久午夜精品理论片 | 日本红怡院在线 | 国产精品久久久久无毒 |