|Still room for investment|
Updated: 2011-12-09 08:10
By Zhou Siyu (
Despite the impact of the unrest in
"Unrest in North African countries has had only limited impact on Chinese investments. Cooperation between the two sides still has a bright future," said Shu Yunguo, director of the
A series of civilian protests and revolts have taken place in the Middle East and
Affected by the ongoing unrest, some Chinese companies halted their investments in some African countries. In
In August, as some Chinese companies began to consider a return to
The widespread unrest did affect some African countries, but analysts believe there are opportunities in other countries.
"I believe Chinese companies have enormous opportunities in African countries," said He Wenping, director of the
"But Chinese businesses should have a thorough understanding of the local culture, customs and political stability before they enter the market," she added.
The rapid development of
This has prompted outflows of the nation's overseas investments across the world.
In the meantime, Chinese investments have also helped the development of economies in African countries.
"Chinese investments were welcomed in African countries. They have boosted local economic growth, and provided jobs for local people," said Shen Danyang, a spokesman for the Ministry of Commerce during a forum at the 15th China International Fair for Investment and Trade in
Yang Lihua, director of the
"Besides more jobs and better infrastructure, Chinese companies brought in their experience and advanced technologies in manufacturing and processing industries," she said during a recent interview.
But there is still room for improvement. "Chinese companies should learn to blend into the local community and perform their share of social responsibility," said Shu from
And some companies should step up their effort to improve their product quality in the local market and build up their reputation, said He from the