We’re all aware of China’s considerable clout in the business and technology sectors around the world. Most households across the globe contain at least one appliance or piece of equipment manufactured within Asia’s most influential country. Although much is known about China’s manufacturing, the country is also extremely active in other areas.
In addition to production of goods, China is extremely active in terms of investment in African countries. In recent years, Africa has enjoyed a steady increase in improvement and growth, most notably in the areas of healthcare, e-commerce and technology. Much of this advancement is due to outside investment, of which China has played an important part.
Growing Together For a Bright Future!
With an investment of $60 billion dollars in major capital projects designed to develop Africa’s economic capacity, China’s commitment to “doing good while doing right” already seems to be paying dividends. 63% of African people polled stated that they saw China’s influence in Africa as a very positive thing. China’s investments in infrastructure, industry, agriculture, financial services, and public health have seen African countries enjoy an increased level of optimism and security. Led by China’s President Xi Jinping, the injection of capital, technology and time is already helping to lead Africa away from the shadow of the “third world” and into the modern one.
China’s investment in Africa includes:
- Renewable energy
- Internet infrastructure services
- Extractive industries
Many important factors have had to come together to forge the relationship between China and Africa and none more important than reliable translation. When two countries each with their own language, culture and set of values are to communicate in order to bring a change, it is vital that accurate and reliable translation services are acquired. This vital translation helps to prevent the pitfalls and misunderstandings that can arise from bad communication. This is particularly important when the subjects being discussed are of a business or financial nature – it is all too easy for a business misunderstanding to lead to the end of that business relationship.
Sharing The Load!
A major development partner for countries around the continent, China’s strong economic growth has led to the increased ability to invest. Along with trade, China’s diplomatic and political influence shows little sign of slowing. This is good news for Africa. The ambitious and unique “One Belt, One Road” project means that China, Europe and Africa will be connected even more strongly in terms of transport, investment and infrastructure. The project, which will create a network of railways, roads, pipelines and utility grids is designed to link a number of countries. The aim of the project is to introduce the world’s greatest platform for inter-country economic co-operation. This will include social and cultural partnerships, policy co-ordination and financial goals.
As Africa and China’s relationship goes from strength to strength it will rely on solid communication and trust with China’s investment to be matched with both parties investment in quality translation services.