As an key area that China government give support to, Africa is destined to connect with China s politics and economy. The friendly politics relationship between China and Africa establish good foundation for bilateral cooperation at this age with good chance for Sino-Africa cooperation.
To support enterprises to go out invest in Africa, China government establish specialized policy to encourage China enterprises to develop business in Africa, such as offering loan without interest, set up specialized fund, constitute favorable tax policy, simplify procedure of examine & approve etc to promote enterprises conduct overseas process trade. Besides, it also invest RMB0.1billion in Africa to establish 11 investment & trade centers that offer service to inland enterprises s investing in Africa , for example, provide special loan without interest to encourage enterprises establish factories in Afrcia. The investment in Africa countries is contributed to Africa countries economy development, but also overcome the resource shortage brought by speedy development of China economy and promote the adjustment and upgrading of inland industry structure.
Bilateral government s courage, stable Africa political situation and mutual-supply industry structure of both sides bring the best time for China enterprise to invest in Africa.
Many countries in Africa that have not been explored completely have single economy structure. They regard textile industry as the industry only inferior to mining and hope to develop multi-economy without depending on one category of product as well as developing textile & fashion industry. On the whole, Africa s textile & fashion is unenlightened, comparatively, China can meet Africa s demanding on manager, technique level, manufacture equipment as well as price and technique level. The developing prospect for Sino-Africa is optimistic, Because Africa countries adjust policy continually and begin to offer one-station service while Tanzania, Zimbabwe can offer better service and simplify procedure ,especially Africa countries have strong intent to cooperate with China, Zimbabwe, Algeria especially .
Textile is the pole one of Egypt s traditional industry. Egypt and Sudan have replaced India and Pakistan to be world most important long-nap exporter. Egypt also have big-scale fashion enterprise who specialized in process and export fashion for Occident. Generally speaking, Egypt is an appropriate country to cooperate in technique. China enterprises can cooperate with Egypt s textile factory to replace old equipments and produce high quality fabric. Also, they can build factory in Egypt with preferable policy and environment, but they should cost much time in government s loaded approving procedure.
Though East Africa also plant cotton have weak process capability of textile & fashion,
it have powerful potential in cooperation. Basically, China enterprises can invest in the field extending from cotton planting to spinning and dying. Recently, Friend Textile factory built by China and Zambia have been local big rate paying enterprise.
Zimbabwe in South-Africa have good investment environment, Recently, Zimbabwe keep China product out of the door by its high tariff, but pose no tariff on local factory built by foreign countries. With Zimbabwe and occident favorable treatment in tariff and quota , China enterprise have definite advantage in investment because it can establish factory in South-Africa and export products to Occident s market easily.
