There are about 20,000-30,000 Chinese living in Algeria, mainly in the coastal cities of Algiers, Oran, Anaba, etc. More than 18,000 of them are engineering laborers, and Algeria is one of China's largest contract engineering markets in Africa. There are more than 70 large Chinese enterprises, mainly engaged in engineering contracting, oil and gas, mining, fertilizer, telecommunications, textiles, steel, automobiles, tractors and other fields. More than 100 Chinese enterprises are registered in Algeria.
Larger engineering contracting enterprises with China state construction engineering corporation, China national petroleum corporation, China petrochemical corporation, China railway construction group, China citic group, China civil engineering construction group co., LTD., China metallurgical group co., LTD., control group co., LTD., zhongyuan, zhejiang construction investment group co., LTD., dongyang, zhejiang province, the first Three construction engineering company, water, China water conservancy and hydropower construction group corporation, China harbour engineering co., LTD., overseas construction group co., LTD., catic international engineering company, henan and non-agricultural water conservancy renovation, ding international engineering co., LTD., China railway construction group co., LTD., China rings engineering co., LTD.39bet-xsmb-xổ số tây ninh-xổ số binh phước-xổ số binh dương-xổ số đồng nai
Other enterprises include Yunnan Tian 'an Chemical Co., LTD., Huawei Technologies Co., LTD., ZTE Communications Co., LTD., Sinotruk Group Co., LTD., Shaanxi Automobile Group Co., LTD., Chery Commercial Vehicle Co., LTD., Anhui Jianghuai Automobile Co., LTD., XCMG Group, etc.
Investment PROJECTS: OIL AND GAS field exploration, mining, FERTILIZER production, steel, textile, automobile, cork production, etc.
Trade ITEMS: WHOLESALE OF ALL KINDS OF DAILY NECESSITIES INCLUDING AUTOMOBILES AND AUTO PARTS, MACHINERY EQUIPMENT AND ACCESSORIES, BUILDING materials, bags AND clothing, food, home appliances, MOBILE phones AND accessories, hardware, LAMPS AND lanterns, STATIONERY, PLASTIC products, electrical appliances, ETC.
The Chinese are currently operating supermarkets, hotels, restaurants and vegetable farms in Algeria.
In Algeria's central enterprises and other large Chinese enterprises, the construction engineer is about 15,000 to 25,000 yuan, while the private enterprise construction engineer is about 15,000 to 20,000 yuan. Carpenters, bricklayers and rebar workers earn about 13,000 to 16,000 yuan a month. If you want to go to Africa to work or try to choose Chinese-funded large enterprises, so that not only is the salary high, and will not be in arrears, there is also a lot of security.
Chinese workers at Chinese companies typically earn about 1.5 times to twice as much as their counterparts at home.
Algeria is located in northwest Africa on the Mediterranean Sea. It has a population of 43.7 million. It covers an area of 2.38 million square kilometers, with a coastline of about 1,200 kilometers and deserts of more than 2 million square kilometers, accounting for about 85 percent of the total land area. It is now the largest country in Africa by land area, with Algiers as its capital.
It ranks third in the world in natural gas exports, after Russia and Canada, and 12th in crude oil exports. In addition, Algeria exports about 20 million tons of liquefied natural gas annually, making it the fourth largest LNG exporter in the world,
Algeria is usually relatively safe.
According to Chinese Customs statistics, China's exports to Algeria are mainly construction machinery, mechanical equipment, household appliances, general equipment for automobiles and motorcycles, vehicles, textile and clothing, furniture, shoes and boots, plastic products, etc.
China's imports from Algeria are mainly mineral fuels, oil and its products. Asphalt etc. Organic chemicals; rawhide (except fur) and leather; softwood and softwood products; machinery and machinery parts; wool, fine or coarse animal hair; horse hair yarn and woven fabric, etc.
In 2021, the total volume of goods import and export trade between China and Algeria was $7430.83 million. Among them, China's imports from Algeria totaled US $1,080.77 million, and China's exports to Algeria totaled US $6.35.06 million.
According to the relevant provisions of the Algerian customs, the customs will auction the goods two months after the goods arrive at the port without taking delivery of the goods. The importer of the goods has the priority right to auction, and the auction income belongs to the state. A rejection certificate issued by the original consignee is required for return, transshipment or resale of the goods. Algeria is under foreign exchange control. TT telegraphic transfer is not allowed for the import of goods over US $1000. Payment must be made by L/C or Documents against payment (D/P).
Numerous illegal businessmen from Algeria take advantage of this provision, D/P clause payment, or LC discrepancies, when the Chinese businessmen deliver goods, refuse to pay the ransom note. Deliberate fault pressure price, do not issue a certificate of rejection, the goods can not be transshipped, finally auctioned, resulting in huge losses.
Therefore, LC must be required for export commodities with Algeria, and LC terms should be closely checked to avoid any discrepancies. Otherwise, it is easy for the other side not to redeem the order and take the opportunity to lower the price. If the goods do not agree to lower the price, they will be auctioned.
Even in recent years, some small banks without credit in the local area have released documents under L/C in violation of regulations and refused to pay. There have been many cases of Chinese exporters not paying the other bank under LC payment terms.
In addition, the issuing bank should choose a reputable big bank, preferably with confirmation, and a relatively large third bank as the confirming bank.
According to the data released by the International Monetary Fund in April 2022, Algeria's total GDP in 2021 was $164.6 billion, and Algeria's GDP per capita was $3,701.
Algeria's minimum wage is 20,000 dinars ($138) a month. Skilled workers typically earn 30,000-50,000 dinars a month (about $207-345). The country has a high proportion of social security contributions, which together account for about 35% of wages and 145 dinars to the dollar.