Letters to the Editor

Establish a Ja-China Business Council to leverage investment in Africa

Thursday, April 18, 2019

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Dear Editor,

Economic onlookers are well aware of China's growing influence in Africa. In the energy sector alone China's State-owned development banks lent US$6.8 billion to energy projects in African countries in 2017, according to a study from Boston University's Global Economic Governance Initiative.

Therefore, it is only prudent for Jamaica and China to establish the Jamaica-China Business Council for both countries to leverage investment opportunities in Africa.

The continent of Africa is resource-rich; hence there are innumerable opportunities for Jamaican and Chinese entrepreneurs to engage in collaborative partnerships. Such engagements will make Jamaican businesses more competitive due to benefiting from Chinese knowledge and expertise.

The council should also provide updates on China's regulatory framework to equip Jamaican entrepreneurs with the skills to navigate China's business landscape.

Jamaicans can no longer take solace in being a beneficiary of aid. Political leaders have to prepare a strategy to make Jamaica a player in the global economy.

Lipton Matthews


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