在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / China

China affirms support for Nigeria in tough times

By Li Lianxing | China Daily Africa | Updated: 2015-01-25 15:01

Challenging year seen ahead as oil prices, security woes create concerns for investors

The state visit of Chinese Premier Li Keqiang to Nigeria in May made a significant statement about Beijing's commitment to the country.

Li's attendance at the World Economic Forum on Africa in Abuja, Nigeria's capital, came as the country was under a serious terrorism threat. The previous month, Boko Haram terrorists had shocked the world by kidnapping more than 200 girls from a secondary school in Chibok.

No other major state leaders showed up for the forum. This caused Nigerian President Goodluck Jonathan to call China a "genuine friend" to his country.

Ties between China and Nigeria have been built around growing trade and investment since the second half of the past century, and the relationship experienced an unprecedented boom during the past 10 years.

Despite the slump in worldwide oil prices, the daunting security situation and the outbreak of Ebola in West Africa - the virus was quickly squelched last year in Nigeria - China's total trade volume with Nigeria by the end of November had exceeded $16.46 billion. That was third in the continent in 2014 after South Africa and Angola. Ten years ago, the volume for Nigeria was $2.83 billion.

Infrastructure remained a key sector for Chinese investment last year, when a Chinese state-owned company, China Railway Construction Corp Ltd, signed a contract with Nigeria's government to build a coastal railway in the south. The project would facilitate the link between the oil production region and the county's economic capital, Lagos. The contract is worth $11.97 billion, making it the biggest single infrastructure contract signed by a Chinese company overseas.

Meanwhile, other trends were occurring. The United States, which has developed its own shale gas resources, did not import oil from Nigeria for six consecutive weeks, which was a first in recent times. Also, other Asian countries, especially India, had caught up as major shareholders in Nigeria's lifeline industry. China imported an average of 41,000 barrels of oil a day from Nigeria in the first eight months in 2014, an increase of 105 percent over the same period in 2013.

As industrialization deepens in Nigeria, the manufacturing industry is in dire need of foreign investment. Many Chinese investors have shown they value Nigeria's pivotal status in western Africa by looking at establishing factories across the region and expand the local market.

Last year, Nigeria overtook South Africa as the largest economy in Africa. According to the World Bank, Nigeria's GDP in 2015 will increase at a rate of 5.5 percent, a bit slower than that of 6.3 percent in 2014. It would, however, be higher than the average rate of 4.6 percent in sub-Sahara Africa.

However, foreign investors, including Chinese, see that there are challenges ahead in 2015, including domestic and international threats that have bred doubts among some observers.

Boko Haram is still threatening the country's security and some crimes also have added pressure to local authorities, especially in the north. A Chinese citizen was kidnapped in September and more robbery cases targeting Chinese nationals and companies were reported last year, which caused some to have a cautious attitude toward living and doing business in the country.

Nigeria's general election is set for Feb 14. Voters will elect the president and members to the House of Representatives and Senate. Jonathan, the incumbent president, will seek a second and final term. Some investors have delayed their plans to see if policies would change.

While the country wants to develop its manufacturing capacity and Chinese investors also are eager to bring production closer to the market, basic infrastructure supplies such as water and power remain poor. So a properly working infrastructure network is crucial to attract future potential investors. But the concern of some is that budget for these might be cut if more money is diverted to anti-terrorism efforts.

According to the World Bank, a tightening in foreign currency controls and the unexpected drop in oil prices are expected to pose serious challenges to the government, which might directly affect foreign investment.

lilianxing@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 精品国产99久久久久久宅男i | 久久精品久久久久久久 | 亚洲精品在线看 | 国产精品一区一区三区 | av黄色大片 | 中国农村毛片免费播放 | 精品欧美日韩 | 国产精品777 | 国产精品成人国产乱一区 | 亚洲欧美中文字幕 | 69精品人人人人 | 日韩黄色在线视频 | 日韩欧美国产成人 | 亚洲天堂久久久 | 欧美性生交xxxxx久久久 | 欧美中文字幕在线观看 | 一区二区不卡 | 国产综合视频在线观看 | 日本在线网站 | 精品久久久久久久久久久 | 国产精品久久一区 | 日韩伦理视频 | 专业操老外 | 天天躁日日躁狠狠很躁 | 一区二区三区视频 | 国产一区二区三区在线视频 | 日韩中文在线视频 | 毛片毛片毛片毛片毛片 | 黄色大片在线播放 | 日韩一区中文字幕 | 午夜看看 | 黄色小视频在线观看 | 免费在线a| 伊人影院久久 | 看黄色大片 | 国产精品久久久久久99 | 久久久久久久综合 | 黄色片网站在线观看 | 欧美精品网 | 亚洲三级黄色片 | 亚洲国产精品久久久久久久 |