China-Africa Salon: Africa's industrial takeoff only beginning, says Chinese entrepreneur
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China-Africa Salon: Africa's industrial takeoff only beginning, says Chinese entrepreneur
Sany Heavy Industry, one of China’s largest construction machinery manufacturers, posted 3.5-billion yuan (about $517-million) in African sales in the first quarter of this year, a year-on-year increase of about 70%, according to company figures. Its chairman, Xiang Wenbo, sees that as a floor rather than a ceiling. “I think this is only the beginning. There are still huge opportunities ahead,” Xiang said in a recent interview with Xinhua in the…
Africa's industrial takeoff 'only beginning', says Chinese entrepreneur
Workers work at an industrial park of Sany, China’s leading heavy equipment manufacturer, in Changsha, central China’s Hunan Province, May 12, 2026. (Xinhua/Xue Yuge) China and Africa pursuing modernization together, with no country left behind, is “a very large undertaking,” said Xiang Wenbo, chairman of Sany Heavy Industry, one of China’s largest construction machinery manufacturers. NAIROBI | Xinhua | Sany Heavy Industry, one of China’s l…
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