Africa May Replace China As The Next World Factory.

< p > the eighth African a href= "//www.sjfzxm.com/news/index_cj.asp" > economic < /a > conference was held in Johannesburg, South Africa.

Heads of state, business leaders and experts and scholars are discussing how regional integration can promote economic development.

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< p > VOA radio website reported in October 28th that despite the impact of the global economic crisis in 2008 and 2009, the African economy has maintained rapid growth in the past ten years.

Organizers said that if African countries could make economic cooperation between them easier, Africa could achieve stronger growth.

They say that is why African countries should play a key role in regional integration.

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< p > reported that regional integration means investing in infrastructure, education, labor and technology, reasonably managing the natural resources shared between countries, and formulating unified rules and standards, so that products and services can smoothly pit through < a href= "http: //www.sjfzxm.com/news/index_cj.asp" > export < /a >.

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"P", "deputy director and chief economist of the African Development Bank," says "regional integration" means promoting the flow of a region and a country.

It means migration of population, circulation of goods and mobilization of talents.

It means strengthening contacts between people through infrastructure.

And ensure that our seaports are well managed so as to provide services for coastal countries and landlocked countries.

Therefore, regional integration also means the flow of investment and capital among African countries.

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"P", "the trade in goods and services between African countries is still very low," said Mr Eun couBe.

This is mainly due to the very weak manufacturing base in most African countries.

As a result, many countries will still rely on natural resources with low export value.

But we have achieved good results in investment and so on.

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"P", "eunube said," regional integration policy can be seen as a buffer against future economic crises that may erupt.

"Studies show that those areas with higher integration can better resolve the impact of the global economic crisis," he said.

The East African countries such as Kenya, Tanzania and Uganda are particularly embody this.

We believe that regional integration plays a key role in this issue. "

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"P" also said that the deepening of regional integration will make the African continent the next world factory.

He believes that this may happen at a time when labor costs begin to rise in countries like China and Vietnam.

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"P", "Eun couBe said," African countries are trying to relax restrictive measures in the field of trade.

But he warned that this would be a continuous process, and that some countries might again adopt self-protectionist measures.

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"P said:" Africa is showing that it can successfully resist and resolve the global economic shocks.

Africa also needs to see itself as part of global growth.

This is no longer a general trade issue.

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Donald, President of the African Development Bank, said that at the opening ceremony of the African Economic Conference, although the African economy has been maintaining a high speed < a href= "//www.sjfzxm.com/news/index_cj.asp" > growth rate < /a >, there is a need for faster growth here. P

Kaberuka said that in order to meet the needs of the rapidly increasing population, the African economy needs to maintain at least 7% annual growth rate in many years.

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