International Community: Opportunities and Hope for China's Outward Investment

In recent years, China's outward investment cooperation has achieved stable development, benefiting the international community. Foreign experts recently stated that China's outward investment has boosted employment, promoted technological development, and propelled economic growth.

Bolivia: Chinese investment projects bring hope

Recently, China Steel Group Corporation completed the construction of the Mutong Steel Plant project in Suarez Port, Bolivia. The majority of the investment and construction funds for this project are provided by the Export Import Bank of China, which is expected to meet about 50% of Bolivia's steel demand and promote the country's economic recovery and industrial transformation and upgrading.

Bolivia is facing challenges such as insufficient foreign exchange reserves, fuel shortages, high inflation, and declining natural gas reserves. The Mutong Steel Plant project is expected to create approximately 1000 job opportunities and support the development of the country.

Professor Omar Portillo from San Andres University in Bolivia stated that the project will help reduce Bolivia's expenditure on steel imports and expand its steel exports.

He also noticed that in the past decade, China has been investing in Bolivia's construction industry, with multiple Chinese companies undertaking local road projects.

Juan Jos é Bedrigal, an economist at San Andreas University, stated that as more Bolivian food enters the Chinese market and Chinese companies participate in the development of Bolivian lithium mines, China is expected to play a more important role in Bolivia's foreign trade.

He pointed out that Bolivia's economic development is expected to improve, mainly due to deepening cooperation with China and the increasing global influence of BRICS countries. As a BRICS partner country, Bolivia and China share a common vision and are committed to building a multipolar world within the BRICS framework.

Egypt: Chinese investment projects bring opportunities

As the first fully assembled factory of Chinese automobile manufacturer Geely Automobile in the Middle East and Africa, Geely Automobile's Egypt factory officially put into production and produced two models under its umbrella in January. This factory is expected to achieve an annual production capacity of approximately 30000 vehicles within the next three years. This is one of the latest investment projects in China.

Dia Hermi, Secretary General of the Egyptian Chinese Chamber of Commerce, recently emphasized that Chinese investment is crucial for the Egyptian economy.

In his view, Egypt should strive to reach more cooperation agreements with China. These agreements not only signify China's willingness to increase investment, but also mean sharing advanced technology with Egypt, which is in line with Egypt's goal of promoting localized production in key industries.

Hermes said that some Western countries are unwilling to invest in certain technology industries in Egypt, and China has become an indispensable partner for Egypt. Egypt is actively promoting the implementation of some major technologies, especially in the fields of electric and traditional vehicles, satellite development, data centers, and 5G communication.

He analyzed that the Egyptian market has also brought business opportunities for Chinese investors. For China, such cooperation brings good opportunities for opening up the Egyptian and even the entire African market.

Ahmed Radwan, CEO of Egypt's Teda Investment Company, stated that China is introducing technology-based industries such as renewable energy and steel production into Egypt.

He emphasized that there are various investment projects in China, involving textiles, household appliances, chemical products, petroleum equipment, high and low voltage equipment, building materials, solar panels, motorcycles, tricycles, and mobile technology.