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How to understand the current economic situation in Ethiopia?
Summary: In fact, Ethiopia's economy is not bad, and it has the fastest economic growth among non-energy countries in Africa in the past decade. It is claimed that the annual growth rate exceeds 10%. Some people doubt the authenticity of its data, but it is a fact that it grows every year on the spot.

I assert that Ethiopia has great potential and will definitely become the China of Africa.

China has provided substantial assistance to Ethiopia. Almost all Ethiopian power stations, dams, hospitals, railways, light rail, roads and buildings were built by China.

In addition, due to Ethiopia's political stability and security, the Ethiopian people are very friendly to the people of China, and more and more China enterprises are investing there.

Ethiopia is an agricultural economy, with less foreign exchange earned by export and weak industrial base. Therefore, most of its products are imported, and it needs foreign exchange very much. To exaggerate, even paper can't be made locally, and cooking oil is also imported.

Therefore, on the one hand, the current Ethiopian government continues to encourage the export of coffee, sesame, leather, flowers and other agricultural products to earn foreign exchange, as well as the export of electricity relying on the advantages of hydropower stations.

At the same time, actively establish a bonded zone to attract foreign investment to set up factories, earn foreign exchange from raw materials or feed processing, and solve employment problems. I believe that it won't be long before the local infrastructure and basic industrial system can be established, and the foreign exchange will quickly embark on the road of rapid development after the increase.

In addition, the local people are hardworking and brave, with a large population base and cheap labor, which can well undertake foreign industrial transfer. Ethiopia will become the most striking economic growth point in the coming decades.