Fifth, we should encourage mergers, standardize bankruptcy procedures, redirect laid-off workers, increase efficiency by reducing redundant staff and implement re-employment programs.

These advocates now hope to encourage the adoption of FMNR in other African countries through an initiative called "Re-greening the Sahel, " said Reij.

The new agreement could encourage offshore Chinese firms to re-define themselves as Chinese resident enterprises, and in turn be subject to a further degree of local taxation.