Sun Ruizhe Met With Ethiopian President Mulatu, And Ethiopia Used Textile As The Focus Of National Revitalization Plan.

2018 during the Beijing summit of China Africa Forum, President Xi Jinping announced that the eight major actions should be implemented in the next 3 years and provide us $60 billion to support Africa. He said that no one can stop the pace of the revitalization of the Central African people. At the same time, the Chinese government supports the process of industrialization in Africa and reduces the imbalance in trade. All these provide a good opportunity for Chinese textile enterprises to invest in Africa.

Sun Ruizhe, a Chinese textile delegation led by President, arrived in Ethiopia to inspect the textile industry of Ethiopia. Members of the delegation participating in the visit were Wang Tiankai, inspector of the China Textile Federation, inspector of Industry Coordination Department of the national development and Reform Commission, Wang Dong, Xu Yingxin, Chen Dapeng, Yang Zhaohua, deputy director general of the China Textile Federation, director of the foreign affairs office, deputy director general of the China Textile Federation, director of the Ministry of science and technology development, deputy director general of the China Textile Federation, director of the Department of industry development, director of the China Textile union Productivity Promotion Department, director of China Textile Information Center, director of China Textile Construction Planning Institute, director of the China Association of textile industry and social responsibility office, representative of China Textile Federation's business department, and representative of China Textile excellent enterprise. September 10~13, by the China Federation of textile industry

Chinese textile delegation takes photos at presidential palace.

(hereinafter referred to as Ethiopia), located in the northeastern part of Africa, is a "crossroads" in the Middle East, Africa and Asia.

As one of the most stable countries in Africa, Ethiopia's overall social and economic situation is good. In the past 15 years, the average annual GDP growth rate was about 10%, which is one of the fastest growing economies in the world.

Ethiopia in recent years in International

It is one of the largest foreign direct investment (FDI) absorptive countries in Africa. The growth rate of FDI in 2016 alone is as high as 45.8%.

China and Egypt have been strengthening their economic and trade cooperation since the establishment of diplomatic relations. China is the largest import market of Ethiopia, ranking first in export destinations, and also a major source of foreign investment.

According to the relevant data of Ethiopia Investment Commission, in the past 20 years, Chinese enterprises invested 4 billion dollars in Ethiopia and created stable and temporary jobs for 11.1 million people.

With the deepening of the "one belt and one way" initiative, more and more Chinese are participating in Africa's important "one belt and one road" construction.

Companies are looking to Ethiopia, and investment in Ethiopia has increased year by year.

On September 12th, Chinese textile delegation visited Ethiopia President Mulatu Teshome.

Sun Ruizhe, President of China Textile Industry Federation, met with Ethiopia President Mulatu Teshome.

On behalf of the Chinese textile delegation, Sun Ruizhe presented a gift to him.

Mulatu said that this was the first Chinese delegation to be received in the presidential palace.

"The Chinese delegation to Ethiopia is responding to Xi Jinping's call for further cooperation between China and Africa during the China Africa Forum." he thanked the Chinese textile delegation for their trip to Africa to choose Ethiopia.

Mulatu said that during the China Africa Forum, Xi Jinping emphasized the importance of building the China Africa community. He hoped that China and Africa could seize the opportunity to achieve win-win and common prosperity.

Mulatu briefed the delegation on Ethiopia's new national revitalization plan. The textile industry was planned as a key industry in the development of Ethiopia.

"The visit of the Chinese textile delegation coincides with our revitalization plan."

Why did Ethiopia choose textile as the focal point of national revitalization plan? Mulatu introduced cotton raw materials, labor force, business environment, tax policy and market.

Sun Ruizhe, President of China Textile Industry Federation, introduced the development of China's textile industry to Mulatu and Essex representatives.

He said,

It is a traditional pillar industry in China, an important livelihood industry, and an industry with obvious international competitive advantages.

At present, the textile industry added value to China's GDP contribution rate of 3%, industrial main business income accounted for more than 6%, in addition, has solved 20 million people in China's employment.

Especially in the retail market and network electricity providers made great contributions.

In terms of export earning, the contribution rate of textile and garment industry to China's foreign exchange net income is 75%.

From the global market, China's textile and apparel account for 36% of the global market.

"I believe that the development of Ethiopia's textile industry will also have a promising future."

Sun Ruizhe said that this year is the 40th anniversary of China's reform and opening up. The reform has made China's textile industry develop, and the president takes the textile industry as the focus of next development. This is the correct and wise choice of the Ethiopian government.

He said that during his short visit to Ethiopia, the Chinese delegation felt the determination of Ethiopia's reform and felt the simple folklore of the Ethiopian people.

All along, China and Egypt have had close cooperation in politics and economy, especially in the process of cooperation between China and Egypt, which has continued the image of pioneers.

Sun Ruizhe pointed out that "the development of a country must be compared with its comparative advantages". China's textile industry has made considerable progress in the process of reform, and has made great contributions to national economic development and international market development.

Meanwhile, Sun Ruizhe shared with China the development of China.

Experience and experience.

Sun Ruizhe said that the development of China's textile industry is to make full use of international market adjustment, take the lead in developing coastal areas, form industrial parks and clusters, and eventually develop into a perfect industrial chain and supporting facilities.

"The Great Wall was not built in a day," he suggested.

At the same time, he hoped that the great environment of Ethiopia's reform and opening up will remain stable, and bring confidence to investors and industrial development. Besides, Ethiopia's foreign exchange control should be unified from the perspective of full competition, and foreign exchange control should be integrated into the overall competitiveness.

"Ethiopia should rely on its comparative advantages to bring into full play the advantages of raw materials, resources and manpower."

He said.

After listening to Sun Ruizhe's introduction, Mulatu said that there are many common views between China and Egypt, and they share the same confidence in the development of the textile industry. "Many of our reforms are learning from China, and the government has been able to understand and support each other all the time because all our goals are to improve people's lives."

Sun Ruizhe accepts Ethiopia media interview

In the afternoon, the delegation also attended the Special Coordinator of Dr. Ethiopia, Dr. Al Cabet.

A special meeting was held, and members from various sectors introduced the investment situation of Ethiopia in detail to the delegation. At the meeting, Chinese enterprises questioned the doubts and problems in investment.

During his visit to Ethiopia, the delegation also visited the Chinese Embassy in Ethiopia. Li Hao, Secretary of the Embassy in charge of the embassy, received a delegation from the delegation.

The delegation held talks with the staff of the Chinese Embassy in Ethiopia.

When Sun Ruizhe introduced to the embassy, he said that the textile industry is relatively full in "going out", especially with the launching of the "one belt and one road" initiative. Chinese textile enterprises have invested in South Asia, Western Asia and Central Asia and Africa, including Ethiopia, Egypt, Kenya and Nigeria, and actively go out in terms of capacity.

But he also said that textile enterprises have various concerns in the process of "going out", such as resources, labor force, policies and political situation.

For this reason, Sun Ruizhe suggested that the textile industry is basically going to be alone in the process of "going out". Some large enterprises have strong compression capacity, but for most small and medium enterprises, the ability to resist risks of market changes is weak. Therefore, we hope that the national level can organize enterprises to "go out" in an orderly way so that enterprises can develop together and resist market risks overseas.

The embassy introduced to the delegation that Africa, as an important partner of China, especially Ethiopia, has a good foundation for its economic and trade cooperation with China. It also pointed out that in recent years, in recent years, its policy of attracting investment has been attracting investment from "labor-intensive" and "export earning" enterprises to Ethiopia. For Ethiopia, most of the textile enterprises in Europe and the United States as the main market are "meat and potatoes" in the investment promotion of Ethiopia.

At the same time, they also suggested that when Chinese enterprises invest in Ethiopia, they should try their best to choose investments along the Asian Railway. They will not only reduce the cost of logistics, but also have more development areas in Africa.

When investing, we should fully understand the local investment policy environment and avoid investment risks.

During his visit to Ethiopia, the delegation visited Awasa Industrial Park.