Small And Medium Sized Shoe Companies In China Are Turning Their Eyes To Africa.

September 17th, speaking of Africa.

According to industry experts, at present, China's small and medium-sized enterprises invest in Africa has become an upsurge.

Wang Chao, Vice Minister of Commerce of China, said that since the beginning of this year, China Africa trade has resumed growth. In the first half of this year, it has reached 61 billion 200 million US dollars, an increase of 65% over the same period last year.

Wang Chao said that economic and trade cooperation between China and Africa has flourished in recent years.

From 2000 to 2008, China Africa trade grew by an average of 33.6%, and in 2008 it exceeded US $100 billion for the first time. In 2009, China became Africa's largest trading partner.

China Africa economic and trade cooperation is highly complementary. Africa is a continent with a large population and great potential for development. China has vast markets, rich experience in development, and capital and technology badly needed by African countries.

Traditional industries have larger opportunities for survival and development in Africa.

Africa is rich in resources and has great potential for market demand, but the industrial economy is relatively backward.

China's small and medium-sized enterprises have strong processing and manufacturing capabilities, and the two sides have strong complementarity. Labor-intensive enterprises such as shoemaking, clothing, handicrafts and so on have strong survival and development space in Africa.

For example, Li Chuanfa, a business owner of Taizhou in Zhejiang, invested in Egypt in 2002 to establish an angstrom brothers Footwear Company, which now owns more than 50% of Egypt's tourist shoes market.