Can China Help Africa Become the Next Factory of the World?

For decades, African governments have tried to lure Chinese manufacturing companies to set up factories in their countries with the promise of an abundant supply of low-cost labor. Other than a few high-profile companies, Chinese companies, for the most part, have balked — preferring instead to offshore production closer to home in Southeast Asia.

But now that may be starting to change. With the Africa Continental Free Trade Agreement now up and running, Chinese firms see an opportunity to manufacture goods for local and continental markets.

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