Currently, there are more than 2,000 Chinese in Malawi, mainly concentrated in Lilongwe and Blantyre, the capital of the southern region. There are more than 30 Chinese-funded enterprises with more than 1000 employees, among which the largest Chinese enterprises are: China Africa Cotton Co., LTD., China Soil Group, TBEA, GezhouBA, Qingdao Ruichang Cotton Co., LTD., Anhui Foreign Economic AND Trade Corporation, Gansu HuALONG CONSTRUCTION Company, Gansu Geology and Mining Company, Jiangxi Huagang Construction Company, etc.
The business scope of Chinese enterprises in Malawi mainly covers engineering contracting, agriculture, agricultural processing, forestry, fertilizer and textile industries. There are about 60 Chinese companies registered in Malawi.
In 2020, Chinese enterprises signed 48 new engineering contracts in Malawi, with a total value of 137 million US dollars and a turnover of 166 million US dollars. A total of 294 workers of various types have been dispatched to Malawi, and 459 workers were in Malawi at the end of the year.39bet-kết quả bóng đá-kết quả xổ số miền bắc-kèo bóng đá -soi cầu bóng đá-đặt cược
Chinese investment projects in Malawi are mainly in the fields of communication, cars, bags, toilet paper, shoes, hotels, restaurants and supermarkets. Among them, the major projects are: Hua 'an Lilongwe Golden Peacock Hotel, China-Africa Textile Company Spinning Mill, Grand Goods and Trade Park, etc.
In large Chinese enterprises such as Malawi Central Enterprise, the monthly salary of construction engineers is about 20,000-30,000 yuan, and that of mining engineers is about 25,000-30,000 yuan. Carpenters, bricklayers and rebar workers earn about 15,000 to 18,000 yuan a month.
Chinese workers at Chinese companies typically earn about 1.5 times to twice as much as their counterparts at home.
Be cautious when investing and trading in Malawi. Malawi merchants have a general reputation, so pay attention to the payment method and try to ask TT or LC for payment.
Malawi is relatively friendly to investors and the business environment is improving. However, Malawi is a small market, so it is necessary to have an entry point and to control the scale of investment.
Malawi is a long, landlocked country in southeast Africa, bordering Tanzania, Mozambique and Zambia. Lake Malawi, between Malawi, Tanzania and Mozambique, is the third largest lake in Africa. Malawi covers an area of 118,000 square kilometers, including 24,000 square kilometers of water. It has a population of 17.6 million and its capital is Lilongwe.
Malawi is rich in natural resources, with fertile land and abundant water resources. Forests account for 35% of the country's land area. It also has minerals such as rare earth, titanium ore, bauxite, uranium ore, emery, pyrite, limestone, coal, graphite, gemstones, gold and diamonds. More than 20 kinds of mineral products have been discovered, among which titanium ore, bauxite and uranium ore are the most abundant.
Malawi's official languages are English and Chichewa.
Malawi is an agricultural country and one of the least developed countries identified by the United Nations, with low productivity and underdeveloped science and technology.
Social security in Malawi is relatively stable and terrorist attacks are rare. However, the annual rate of criminal cases is high. We should improve safety awareness, strengthen preventive measures, and try to reduce walking outside.
Agriculture is the pillar industry of Malawi. The main agricultural products are tobacco, sugar cane, tea, maize, potato, sweet potato, cassava, sorghum, beans, cotton, peanuts, macadamia nuts, coffee and so on.
Agricultural exports account for about 80 percent of Malawi's total exports. Among them, tobacco exports are the main source of foreign exchange earnings for Malawi.
Malawi has a variety of mineral deposits including aluminum-vanadium soil, heavy metal sand, monazite, coal, uranium, precious and semi-precious stones, limestone, niobium and others. Malawi has more than 30 million tonnes of proven rare earth reserves and is expected to be mined for more than 30 years.
Malawi relies heavily on foreign aid, with the European Union, the United Kingdom, the United States, the World Bank, Japan and other major donors.
According to the World Bank, only 14% of Malawi's workforce is formally employed, with 3% of the workforce in urban areas, mainly in industry and services.
In recent years, China's exports to Malawi mainly include textiles, mechanical and electrical equipment, clothing and chemical fertilizers. China mainly imports tobacco, tea and sugar from Malawi.
In 2021, the value of China's exports to Malawi was $28.51 million, while the value of China's imports from Malawi was $9.81 million.
According to the data released by the International Monetary Fund in April 2022, Malawi's GDP in 2021 totaled US $12.2 billion, and Malawi's GDP per capita was US $567.
The average Malawian earns just $1.54 a day.