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Guinea Has Potential to Substitute China as 'World Factory'- President

© AP Photo / Jacques BrinonPresident of Guinea Alpha Conde
President of Guinea Alpha Conde - Sputnik International
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Guinea is capable of replacing China as the "world factory", the African country's president said.

ST. PETERSBURG (Sputnik) — President of Guinea Alpha Conde said Thursday that his country has potential to become a "world's factory" instead of China.

"Since we have technology and enterprises we could become a 'world factory' instead of China and supply Europe with value-added products," Conde said at the opening ceremony of the St. Petersburg International Economic Forum.

Guinea is an African country with population of 11 million which exports gold, diamonds, coffee, fruits and vegetables,

2015 St. Petersburg International Economic Forum (SPIEF) - Sputnik International
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