Fitting in is the biggest challenge
By Xing Zhigang and Li Jiabao | China Daily | Updated: 2014-06-17 07:03
Localizing solves many problems for China Railway International joint venture in South Africa, report Xing Zhigang and Li Jiabao from Johannesburg
Localization has become the strategy for Chinese project contractors as they look to expand in South Africa as a result of rising labor costs in China.
And that is certainly the case for China Railway International-Eagle Investments (Pty) Ltd. As it bides its time waiting for opportunities in infrastructure construction in South Africa, it has dived into the property development business. In doing so it hopes not only to make money but to establish a reputation locally for its commitment to the country and its people.
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