From newkerala.com:
Chinese business people have transferred part of their production to Africa this year, bringing capital and jobs to local people in a continent where Beijing is fast becoming a major source of investment and aid.
Wang Jianpin, a businessman from Wenzhou, a city in east China’s Zhejiang province, shifted one fourth of the production capacity of his Hasan Shoes Co. to Nigeria in 2006. Wang has decided to invest a further $6 million in the west African country.
The decision followed the Beijing Summit of the Forum on China-Africa Cooperation held in November.[Full Text]
