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China Becomes Sixth Largest Direct Investor of Mozambique

A research center in Mozambique claimed that China, with a direct investment of 60 million U.S. dollars in 2007, is becoming the country’s sixth largest investor. According to the statistics of the Center for Promotion of Investments of Mozambique, China has become Asia’s single largest investor to this country. Currently, China has 69 major investment projects in agriculture and forestry sector. China is also the only country that established a Center for Promotion of Investment. In 2003, China ranked the ninth with an investment of 10 million U.S. dollars. The Center also states that among the 36 countries investing in Mozambique, the top five countries are USA (more than 5 billion U.S. dollars), Swaziland (1710 million U.S. dollars), Mauritius (1510 million U.S. dollars), UK (9.1 million U.S. dollars), and South Africa (7.9 million U.S. dollars).

Source: Xinhua, April 21, 2008