Economics
- ISSN: 2155-7950
- Journal of Business and Economics
Chinese Private Enterprises in Africa: Current Situation and Implications
Qinghai Liu
(Institute of African Studies, Zhejiang Normal University, China)
Abstract: Chinese private enterprises into Africa have been increasing significantly in the past years and excite considerable attention, but they are often and easily misunderstood. This paper seeks to find out their realities to clarify the controversies on them and draw some implications for Chinese government and African host country governments. This paper provides three investigations on Chinese enterprises in several African countries from 2012 and 2015. The first examined their investment goals and conditions in Africa, the second targeted Chinese wholesalers and retailers in South Africa, and the third was about how they fulfill corporate social responsibility. This study found that Chinese enterprises in Africa have made many positive impact on African countries and suggests that such concerns as China in Africa are neocolonialism is exaggerated, on the other hand, the paper also found out that there is still ample room for them to improve. Both Chinese and host country need to think strategically about the challenges which Chinese private enterprises faced in Africa if the win-win potential of them is to be realized. Relevant authorities should step up efforts to collect and publicize information, more encourage and support Chinese private enterprises and pay greater attention to those enterprises who have already come. This paper improves our understanding of Chinese Enterprises in Africa, it is of use to academics and professionals interested in Chinese Enterprises investing in Africa and to Chinese or African governments and policy makers looking to maximize the potential of Chinese enterprises in Africa.
Key words: Chinese private enterprises; Africa; current situation; implications
JEL codes: O