As Africa ascends, elevator sector booms

A Chinese elevator firm is banking on Africa for growth as it strives to catch up with its competitors, report Zhong Nan and Liu Ce

China's elevator industry is on the rise, with annual growth of 20 percent.

As of the end of 2012, there were 2.45 million units in service, the largest number in the world. China was also the world's largest producer of elevators, according to industry reports.