Abstract: Said in a report, Chinese enterprises has already occupied the leading status African manufacturing industry and resources domain. They are heading for the new domains and is far ahead of western peers.
  Said in a report, Chinese enterprises has already occupied the leading status African manufacturing industry and resources domain. They are heading for the new domains and is far ahead of western peers.
  According to the report on June 30 from South China Morning Post in Hong Kong, a survey released by McKinsey consultancy on June 30 showed that the Chinese enterprises run in Africa may develop rapidly in the next decade because they are expanding their leading status in manufacturing industry and the resources domain to other new domains like services and logistics.
  The report shows that China participates in the African markets far more deeply than France, the UK and the USA. The total income of Chinese enterprises may come up to 440 billion dollars, which is the double of Apple’s income last year. It will be more than double of 180 billion dollars in 2015.
  It’s said in the report:” No matter it’s western countries like France, the UK or the USA, or the developing countries like India or Brazil, they will never be like China. They can’t take part in the African affairs more widely or more deeply.””Make no mistake about it: China is the biggest economic partner of Africa.” It’s also claimed in the report that the development can be due to the existing leading status of China enterprises in African manufacturing industry, the resources domain and the infrastructure domain. What’s more, they are heading for the 5 new domains: agriculture, banking and insurance, housing, technology and telecommunications as well as transport and logistics.
The report from McKinsey also shows that China is also one of the 4 biggest partners in trade, investment stocks, investment growth, infrastructure financing and assistance in Africa.

  It’s reported that in China-Africa cooperation BBS in Johannesburg, South Africa, China has promised to provide 60 billion dollars to the 10 new domains of Africa. These domains include energy, industrial and agricultural projects, security and military cooperation, as well as emergency food and health assistance. During the two-year talk with over 1000 enterprises from 8 different countries in Africa, the researchers found that although Chinese state-owned enterprises may occupy the headlines depending on the large-scaled infrastructure projects, in fact, about 90% of 10000 Chinese enterprises in Africa are privately owned.

  These companies are making great profits. Nearly a quarter of the people said that they earned their origin investment back in a year or even less. One third of the enterprises’ profits are over 20% because there are few competitors in the local markets. At the same time, McKinsey predicts that China will accelerate the investment to Africa because the economic slowdown in China will promote Chinese investors to seek for better return for their investment in foreign countries.