Barry Sautman, a Faculty Associate of HKUST Institute for Emerging Markets Studies, explains to the Post Magazine the competitive advantages in terms of profit margins of Chinese companies over their western counterparts in Africa.
“In mainland China, the rate of profit on construction projects is about 2 per cent, so in Zambia, Chinese companies are happy to earn 10 per cent, whereas Western firms want 30 or 40 per cent,” says Barry Sautman, professor of social sciences at the Hong Kong University of Science and Technology, who specialises in Sino-African relations.
Read the full article here by Jenni Marsh published on January 10, 2015 (updated on March 20, 2015) .
To complete the subscription process,
please click the link in the email we just sent you.
Oops! Subscription Error,
you should try again.
Confirmation Success. Thank you.