China plans to support industrialization in Mozambique

Mozambican President Filipe Nyusi

China plans to increase industrial co-operation with Mozambique, China’s ambassador to Mozambique Li Chunhua said in Maputo, adding that said several public and private companies from his country had expressed interest in investing in the sector.
“China, after more than 40 years of economic reforms, is now able to enhance cooperation in the industrial area, which corresponds to the needs of African countries, including Mozambique,” said the diplomat, who is at the end of his mission in Mozambique.
On the sidelines of the ceremony in Maputo marking the 40th anniversary of diplomatic relations between the two countries, Li Chunhua pointed out that Mozambique this year marks 40 years of independence as well as four decades of its relationship with China. He added that, since 1975, cooperation between the two countries “has continually magnified.”
“China pays great attention to African countries and in the coming years, we will strengthen cooperation for international industrialization,” said the Chinese ambassador cited by Portuguese news agency Lusa, denying that his country is only interested in the continent’s natural resources.
In 2014 China was the fifth largest foreign investor in Mozambique, with around 65 million euros, and trade between the two countries reached USD3.62 billion (119.79 percent more in annual terms), where USD1.96 billion (over 64.55 percent) accounted for Chinese exports and US$1.65 billion (266.37 percent more) for Mozambican exports to China.  MDT/Macauhub