Paths s to improve business resilience and risk coping strategies of African Chinese businessmen

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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Publication Details

Journal
Frontiers in Business Economics and Management
Published
2024-08-15
DOI
https://doi.org/10.54097/nycpx095
Primary Topic
Regional resilience and development
Type
article
Field-Weighted Citation Impact
0.00

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article

Paths s to improve business resilience and risk coping strategies of African Chinese businessmen

Zhe Gao
Frontiers in Business Economics and Management
Regional resilience and development
article

Paths s to improve business resilience and risk coping strategies of African Chinese businessmen

Zhe Gao
article en

Abstract

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.

Frontiers in Business Economics and ManagementVol. 16(1)
Wenzhou Polytechnic (CN)
Jilin Office of Philosophy and Social Science
Openalex Percentile: Top 82%
Regional resilience and development
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Paths s to improve business resilience and risk coping strategies of African Chinese businessmen — Zhe Gao · Frontiers in Business Economics and Management (2024) | TGRS Research Map | TGRS