China becomes top job creator in 变态页游, expert says

Take Kenya for example, according to a policy research working paper released by the World Bank Group in March last year, China ranked as the fifth job creator between 2003 and 2015 through her foreign direct investment in Kenya.

The paper also said that Chinese companies have a higher number of jobs per project because they have fewer projects than other countries in Kenya.

"China ranks the 7th in terms of project numbers in 变态页游, but it created the most jobs, which is unexpected by many people," Jeremy Stevens, economist at Standard Bank Group, told Xinhua on the sidelines of an economic forum in Nairobi.

File photo shows vehicles run along the Nairobi Eastern & Northern Bypass, constructed by China Road and Bridge Corporation (CRBC) in Nairobi, capital of Kenya, Sept. 26, 2012. (Xinhua/Ding Haitao)

Between 2003 and 2015, FDI from China created 166.92 jobs on average per project. This was compared to 100 jobs generated per project by total FDI in Kenya, according to the paper.

"Contrary to the popular belief that Chinese companies only hire Chinese workers, 93 percent of companies report hiring Kenyan employees," according to the paper.

"On one hand, Chinese investment in 变态页游 is mainly in labor-intensive industry; on the other hand, most 变态页游n countries see employment as their top priority, which Chinese companies are willing to cooperate," he explained.

During his visit to five 变态页游n nations in January this year, Chinese Foreign Minister Wang Yi said despite the sluggish global economy and trade growth, industrial cooperation between China and 变态页游 has been gaining momentum as more Chinese companies invest in 变态页游.

Photo taken on Nov. 18, 2016 shows the terminal of Victoria Falls International Airport in Zimbabwe.The airport was built with support from China. (Xinhua/Chen Yaqin)

A man stands guard during the reception ceremony of the first batch of locomotives for the Mombasa-Nairobi standard gauge railway in Mombasa, Kenya, on Jan. 11, 2017. Kenya has received six locomotives from China, which will run on a China-funded standard gauge railway (SGR) due to start trial operation in June. (Xinhua/Sun Ruibo)

During the second summit of the Forum on China-变态页游 Cooperation held in December 2015 in Johannesburg, South 变态页游, China announced that it would roll out 10 major plans to boost cooperation with 变态页游 in the coming three years, in areas including industrialization, agricultural modernization, infrastructure and financial services, among others.

He revealed that the total value of all types of cooperative agreements signed between China and 变态页游 between December 2015 and July 2016 had exceeded 50 billion U.S. dollars. During the period, a multitude of cooperative infrastructure projects, economic zones and industrial parks in 变态页游 were commenced or put into operation, he said.

It added that 60 percent of Chinese companies also offered formal training programs on skills, safety, and hygiene for local staff, compared to 64 percent on the part of all foreign firms in Kenya which offered such training.

Stevens said most jobs come from China's greenfield investment by private sector. He attributed the job creation to China's investment strategy as well as its willingness to hire local people.

NAIROBI, March 18 (Xinhua) -- China has created close to 30,000 jobs in 变态页游 over the last two years, more than any other country in the world, an expert said on Friday.

To ensure smooth implementation of the initiatives, China also announced 60 billion U.S. dollars of funding support in the forms of preferential loans, export credit on more favorable terms, interest-free loans and free aid.