Chinese companies invest over US$8.5 billion in Mozambique’s construction sector
16 June 2017 | Forum China Moçambique
The construction contracts signed by Chinese companies in Mozambique reached US$8.71 billion by the end of 2016, the Secretary General of Forum Macau said in Maputo during the “Meeting on Productive Cooperation between China and Portuguese-speaking Countries.”
Xu Yingzheng also said that in 2016 China’s direct non-financial investment in Mozambique reached US$23.13 million and China’s direct investment reached US$724 million by the end of 2015.
The head of Forum Macau also said that cooperation between China and Mozambique is a reality in areas such as car assembly, agriculture, television, construction, processing and manufacturing and development of natural resources.
During her speech at the meeting, co-organised by the Mozambican Investment Promotion Centre, Xu recalled that “China is not only a commercial power, but also an investment power, and cooperation in productive capacity is an important initiative for economic cooperation and trade relations with the outside world, as well as an important support for China’s potential integration into the industrial chain, the value chain and the global logistics chain.”
The Secretary-General of Forum Macau also recalled that “Portuguese-speaking countries are faced with the need to improve their structures, improve the level of industrialisation and optimise their industrial structure,” and therefore there is a lot of room for cooperation with China.
The meeting was attended by government officials, diplomats, business people from Mozambique and China, the Deputy Secretary-General of Forum Macau, Echo Chan spoke about the role of Macau as a service platform in linking China with Portuguese-speaking countries and what this means in terms of supporting China’s relations with the eight member countries of Forum Macau.
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