China plans to support Mozambique’s industrialisation process

27 May 2016

China intends to play an important role in the industrialisation process in Mozambique said Thursday in Maputo the internal business attaché of the Chinese Embassy in Mozambique.

He Yuan highlighted the fact that Mozambique has been recording high economic growth, and has a strategic geographical location to access markets in Africa, Asia and the Middle East.

The diplomat was speaking at a seminar promoting investment between Mozambique and China’s Shandong province attended by about 150 Chinese businesspeople and 61 Mozambican businesspeople, organized as part of the state visit the President of Mozambique made to China.

During the meeting, the Mozambican and Chinese businesspeople pledged to do business worth US$1.4 billion, according to Mozambican newspaper Notícias.

The vice president of the Confederation of Economic Associations of Mozambique (CTA), Rogerio Samo Gudo, said at the time that the figure may change, given “several contacts and ongoing investment partnerships whose values ​​have not yet been estimated.” (macauhub/CN/MZ)