e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Web Exclusive
Web Exclusive
UPDATED: August 25, 2010 Web Exclusive
China, SA to Boost Trade
Mineral processing, transportation and finance top cooperation agenda during South African president's state visit
By YU NAN
Share

(YU NAN)

China and South Africa agree on a dozen cooperation agreements to further strengthen and broaden economic interaction at the China-South Africa Business Forum held in Beijing on Tuesday.

The agreements, mainly including cooperation on mineral resources, transportation, and finance, were signed at the forum with visiting South African President Jacob Zuma attended.

Zuma is on a state visit to China and his visit is seen as an opportunity for the two countries to explore ways of expanding their current trade ties.

Zuma spoke at the forum that South Africa welcomed Chinese investors as the two sides will further strengthen and expand cooperation in the areas such as infrastructure projects, manufactures, green economy, and information communications.

Chinese Vice Minister of Commerce, Gao Hucheng, stressed that the two countries will deepen cooperation in energy and resources areas.

"China will encourage companies to import more high value-added products from South Africa, and exert more effort on Sino-South African joint business in mineral processing areas," Gao said

Rob Davies, Minister of South Africa Trade and Industry Ministry, said South Africa was trying to create a more favorable investment environment to facilitate practical cooperation between South Africa and China.

China became South Africa's largest export destination by country in 2009. By the end of June this year, the bilateral trade between the two countries had exceeded $10.8 billion, up 56.1 percent year on year. The trade statistics continue to show the potential for expanding the commercial relationship.

Zuma was accompanied by a 300-strong business delegation, the largest of its kind on a foreign tour since he took office in 2009. The visit is the last leg of his tour of the BRIC countries - Brazil, Russia, India and China.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved