Friday, 24 June 2016 07:22
Malawi-China Investment Forum
Malawi's transition from aid to trade demands massive industrialization drive which should be underlined by building capacity among local investors and courting foreign investors into the economy, says President Arthur Peter Mutharika. He was speaking in Lilongwe on Tuesday when he opened the Malawi-China Investment Forum.
President Mutharika reiterated the importance of the private sector in achieving the investment goal. "Our policy on the private sector is clear. We believe that the private sector is the driver of economic development in this country. We believe that foreign and domestic investment is the engine of economic development. We are focusing on developing the private sector in order to create more jobs for our people, " he said.
The forum is one of the best interventions by Malawi to boost exports to China in a trading regime where there is a huge trade imbalance between the two countries.
Anhui Province - which has a population of 70 million - has a gross domestic product (GDP) estimate that stands at $350 billion dollars which is the same as that of South Africa.