“In some ways, Ethiopia can represent a Trojan horse for Chinese firms who want to use the country as a re-exportation hub towards more promising markets,” says Xavier Aurégan, an independent researcher for the French Institute of Geopolitics.
Another major advantage for Ethiopia is the country’s young, cheap and abundant labor force. “Labor cost here is the lowest in the world,” says Yang Nan — just like China 30 years ago. But nowadays the average wage in China is more than $800 a month, too much to remain the world’s factory. China's future therefore depends on Ethiopia, where there is no minimum wage."
Except from the article.
