World Bank, China May Cooperate on Transferring Jobs to Africa
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The World Bank is in “very early stage” talks on cooperating with China to promote the transfer of low-value manufacturing jobs from the nation to Africa, said Robert Zoellick, head of the Washington-based lender.
An expected end to the expansion of China’s labor force and the government’s push for domestic companies to move up the value chain could help shift jobs that would boost employment in sub-Saharan Africa and North Africa, Zoellick said at a briefing in Beijing today at the end of a five-day visit.