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Hogan Lovells International LLP Holds Africa Forum in Johannesburg

(People's Daily Online)  Yu Meng  2016-10-11 12:47


JOHANNESBURG Oct. 10 (People’s Daily Online)  - Hogan Lovells International LLP held its first African forum in Johannesburg on October 7th to discuss Africa's economic development and legal environment. Guests included the Gauteng Premiere David Makhura, the Consul General of China in Johannesburg Ruan Ping, and representatives from African companies such as SAB Miller, Sanlam and PPC.
 
Warren Beech, head of Hogan Lovells Johannesburg mining sector, chaired the China-Africa relationship panel discussion. The panelists were Liu Quanlei from Bank of China Johannesburg Branch, Erwin Pon from Rand Merchant Bank, Zhao Baojin from Worley Parsons, Ernie Lai King from Hogan Lovells and Claude Baissac from Eunomix.
 
The topic of China-Africa discussion is "solving the infrastructure conundrum - lessons from China". Baissac said that China's infrastructure investment in Africa should pay more attention to efficiency and effectiveness, especially for local sustainable development.

Zhao Baojin then introduced the Chinese government's "One Belt One Road" and "Maritime Silk Road" initiative. He also proposed that China's investors should deepen their understandings of Africa.

Liu Quanlei briefed the guests on the achievements of China's infrastructure development and the trend of the public-private partnership.

Erwin Pon said that while Chinese state-owned enterprises were more cautious aboutinvesting in Africa, China's private sector was very active.

Finally, Ernie Lai King concluded that although there were issues such as exchange rate fluctuations and insufficient infrastructure, there were also big markets, abundant resources, and adequate labour and other advantages, Chinese companies could refer to precedent South African investments in Africa.