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Home > News > Industry Activities > South Africa has been the Largest Trade Partner of China in Africa

South Africa has been the Largest Trade Partner of China in Africa

By , 2008-03-08 12:00:00

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It's reported from "China---South Africa Commerce and Trade Seminar" held in Beijing on 25th, September that the bilateral economic relationship develops fast since the establishment of diplomatic relations in 1997. Nowadays, South Africa has been the largest trade partner of China in Africa, China is the sixth largest export destination country and also the second largest import sources country.
According to statistics of custom, the bilateral trade volume amounted to $9,900,000,000 in 2006, increased by 36%. Among them, the export volume of China to South Africa amounted to $5,800,000,000, increased by 50%; the import volume was $4,100,000,000, increased by 19%.
The vice president Phumzile Mlambo-Ngcuka of South Africa published a purport speech in the seminar revolving around the commerce and trade relationship between China and South Africa. She thinks that to Chinese industrial and commercial circles, South Africa is a country which is in possession of many investment opportunities. She invited Chinese enterprises to invest in South Africa by various ways continuously.
South Africa riches in natural resources, the third industry develops in a high level, it is highly complementary with Chinese economic structure. At the moment, the two countries' cooperation is mainly centralized in Mechatronik, light industrial, minerals and steel fields.
Over 200 enterprises from China and South Africa attended the seminar, they also made match-making conferences in the seminar.

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