Willingness to diversify pays dividends
By WangChao and Andrew Moody | China Daily | Updated: 2014-06-30 07:02
As others fail, Anhui company survives test of character in African countries
When a foreigner gets into a taxi in Maputo and asks to be taken to "the Chinese supermarket", the driver is likely to know immediately where to go, so well-known have the supermarket and a nearby Chinese hotel become in the Mozambican capital.
The two properties belong to the Chinese company Sogecoa. Even as many Chinese construction companies complain about the slim pickings from overseas projects at the moment, Sogecoa is raking in money by diversifying.
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