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China : Dragon to ride on African textiles' safari |
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2006-7-17
In order to attract Chinese enterprises, African countries improve investment environment and frame up policies which sound music for investors eyes and ears.
Barring petrol, Africa has put many textile, clothing and leather products under no quota limits and custom duties; more over license is not required for import and export of these products.
In Special Economic Zones (SEZs), Chinese enterprisers can enjoy tax-holiday for the first 10 years.
Industry experts said big and small Chinese enterprisers can invest in different projects in African countries.
After getting hurt by anti-dumping cases from the EU and US, this African safari would soothe the ruffled Chinese dragon.
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