Egypt's Investment In Leather And Other Industries Will Have "Excellent Opportunities".

In December 9th, four cabinet ministers from the Republic of Egypt in Arabia encouraged Chinese investors to invest more in Egypt, and said that Egypt's ongoing economic reform plan would bring "excellent opportunities for investors" in Beijing.

The ministers stressed the strong trade relations between China and Egypt, and China is now Egypt's largest trading partner with a total trade volume of US $11 billion.

For Chinese investors, in Egypt

Opportunities are also increasing.

It is reported that the Egyptian government is revitalizing energy and pportation.

The strategy adopted in several key economic sectors such as agriculture, housing, tourism and mining is expected to make Egypt one of the global investment destinations.

Hany Dahy, Minister of pport, said that with the natural geographical advantage as the gateway to Africa, Egypt must increase investment in the pport industry and achieve many large-scale projects if it wants to achieve its goal of becoming a regional hub for trade.

Mohamed Shaker, Minister of power and energy, stressed that the Egyptian electricity industry action plan, including seeking foreign direct investment projects, deserves the attention of Chinese investors.

Mounir Fakhry Abdel Nour, Minister of industry and trade, also mentioned that the most potential industries in Egypt, such as mining, textile and leather products, are also interested in Chinese enterprises and possess professional skills.

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Looking back on the development process of the past decades, the industry has entered the trough several times according to the economic rules of the market. The duration of the inflection point has been short for 1-2 years, and some have lasted for 5-6 years.

The reason for this turning point is relatively complex and special. Zhang Shuhua initially predicted that the duration would last at least two years or longer, and the fur industry could gradually get out of the trough.

Why is this turning point going to last for a long time?

Zhang Shuhua explained that the downturn in the industry is not just due to the laws of the domestic and foreign markets, but the decline of the world industry triggered by four specific conditions:

First, the origin of this turning point is in China, and China is the hardest hit area.

China has become a fur power country in the world. This historical position determines its great influence in the development of the world industry.

The rapid downlink of China's fur industry has set off a worldwide decline in raw materials, thus making the world's trade downturn a foregone conclusion.

Second, as the world fur market Domino slipped, it shook the confidence of the world market.

This worldwide decline has increased the panic psychology of fur industry at home and abroad. Under such a psychological impact, the speed of China's fur industry has been accelerated again.

Third. The "Kwai Keng smuggling case" in 2013 was not only the fuse for this turning point, but also made the industry worse.

Recently, Hebei Jiangxi fur smuggling case began again.

Because of these three specific conditions and reasons, this world inflection point will last for a long time.