综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

Chinese cotton firm harvests a bumper crop in Africa

By Wang Chao (China Daily) Updated: 2014-06-30 07:02

Chinese cotton firm harvests a bumper crop in Africa

Employees of China-Africa Cotton Development Ltd at a goods yard in Mozambique. [Photo/China Daily]

Agricultural company makes big splash with unique business model

The days of foreigners managing vast plantations, highlighted in movies such as Out of Africa, have long gone.

Today, most international agricultural companies have left the planting to local farmers, and focus instead on

Chinese cotton firm harvests a bumper crop in Africa
 Setting in train Africa's railways

buying the harvest, and China's largest agricultural company in Africa is now making significant inroads into the market.

China-Africa Cotton Development Ltd is a joint-venture between Qingdao Ruichang Cotton Industrial Co, China-Africa Development Fund and Qingdao Fuhui Textile Co.

Established in its current form in 2008, the company dates back to the 1970s, when Chinese workers built Tazara Railway. Few people knew that two textile companies were gifted to Zambia as well, one built by Qingdao Ruichang.

By the end of last year, China-Africa Cotton had grown a presence in Malawi, Mali, Mauritius, Mozambique, Tanzania, Zambia and Zimbabwe, and its main stakeholder, China-Africa Development Fund, had invested $60 million in its operations.

Its assets had grown to $128 million in 2013 from $22 million in 2008, and its profits had hit $6.5 million.

It is now the second-largest cotton processing company in Zimbabwe, after the local State-owned company.

Wang Chuanyuan, its general manager, says Africa has become a key global cotton growing and processing market.

"In Zambia, for instance, more than 70 percent of people are involved in agriculture and the country has more than 43 million hectares of arable land.

"The land is fertile and the sunshine aplenty - this is natural cotton-growing land."

Wang says that while it costs 10 yuan ($1.60) to buy 1 kilogram of cotton in China, it costs just 2-3 yuan in Africa.

Chinese cotton firm harvests a bumper crop in Africa

Chinese cotton firm harvests a bumper crop in Africa

Top 10 most attractive FDI destinations in the world

Top 10 trading partners of the Chinese mainland

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
夏邑县| 滦南县| 云梦县| 襄樊市| 友谊县| 鹰潭市| 龙海市| 凤城市| 卓尼县| 清新县| 黄平县| 铅山县| 山东省| 若尔盖县| 新安县| 定日县| 阿瓦提县| 德兴市| 远安县| 新龙县| 儋州市| 烟台市| 灯塔市| 碌曲县| 临高县| 齐齐哈尔市| 邹城市| 穆棱市| 壤塘县| 宁都县| 水富县| 灵寿县| 揭阳市| 彝良县| 扎鲁特旗| 黎川县| 肥乡县| 庆城县| 龙门县| 漳平市| 九龙城区|