Paths s to improve business resilience and risk coping strategies of African Chinese businessmen
Based on field investigations in Wenzhou China
DOI:
https://doi.org/10.54097/nycpx095Keywords:
Business resilience, Risk coping strategy, Chinese businessman, AfricaAbstract
In recent years, the number of Chinese businessmen in Africa has been growing. Restricted by objective factors such as Africa's development stage and business environment, this group is facing many risks such as political conflicts, investment risks and social security. Based on a field survey conducted in Wenzhou, Zhejiang Province, China, this study analyzes the practices of Wenzhou businessmen to enhance their business resilience by expanding ethnic economy, grafting business networks, non-transferable industries, and transnational resource integration. It is suggested that African Chinese businessmen should prevent and resolve business risks by taking measures such as industrial upland, operation localization, production localization, and employee localization. Promote China-Africa cooperation.
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