Wednesday, June 21, 2017

Chinese business delegation sparkles at Ethiopia

(Jun 21, (ADDIS ABABA))--A delegation of 70 companies from Shenzhen city, China's innovation hub, is attending a show in Ethiopia's capital Addis Ababa and locals are thrilled about the ample business opportunities on the horizon.

The delegation is in the east African country for the China (Shenzhen) Trade and Investment Promotion Meeting and Shenzhen Products show from Monday to Tuesday.  Lu Pengqi, Vice Chairman of China Council for the Promotion of International Trade (CCPTI) says there is good reason why business delegation from Shenzhen will attract attention.

"With Shenzhen's Gross Domestic Product (GDP) reaching at $283 billion in 2016 and GDP per capita standing at $25,000, the city is one of China's most developed and richest," Lu said.

Shenzhen transformed from little more than a fishing village to "China's Silicon Valley" in less than 40 years. It is home to a population of nearly 12 million and more than 5,300 Chinese enterprises including tech giants Huawei, ZTE, and Tencent, which in total have made overseas investments estimated at $80 billion. Read more from China Daily »

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