Thanks to Beijing’s economic transition, Africa has a chance to pick up some of the industrial production now leaving China.
The Huffington Post - 06/08/2016
There’s a pretty good chance that
some of the clothes you’re wearing, the shoes on your feet and even the
device you’re using to read this were made in China. Even as its economy
slows, China remains the world’s factory, churning out billions of
dollars every year of goods. The government, though, wants to change
this, which could be a huge opportunity for countries like Ethiopia —
and the continent of Africa as a whole.
As China transitions its economy from manufacturing to services, some 85 million jobs will be up for grabs as a lot of that industrial production looks for a new home. Ethiopia, for its part, is aggressively positioning itself as a destination for some of that Chinese manufacturing.
Ethiopia, and Africa in general, may be a tough sale for manufacturers who are always looking to keep costs as low as possible.
Compared to regions like Southeast Asia, where most of the outbound
Chinese manufacturing is going, Ethiopia’s infrastructure is less
developed, its workforce is less educated and its supply chain networks
are not as a robust.
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