Jia's SA trip yields contracts
Source: Xinhua |
April 1, 2010, Thursday
|
Print Edition
Print Edition
CHINA yesterday signed a package of deals, purchasing products worth more than US$300 million from South Africa.
The contracts, the biggest-ever single purchase China made from South Africa, coincided with top Chinese political advisor Jia Qinglin's official goodwill visit to South Africa from Sunday to today.
Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, witnessed the signing ceremony on the sidelines of a China-South Africa Economic and Trade Forum in Pretoria.
The deals, involving nearly 30 firms in the two countries, included fishmeal, mohair, wool, bulk wine, copper, wood pulp and chrome ore.
"The signing of the enormous deal showed the cooperation initiative of businesses of the two countries," Jia said. More than 100 Chinese entrepreneurs are on the South African purchase mission.
China has become South Africa's biggest trade partner and exporter as bilateral trade volume hit a historic high of more than US$16 billion in 2009, which was over 10 times than that in 1998 when the two countries forged diplomatic ties.
South Africa is China's second-largest trade partner in Africa with bilateral trade volume accounting for nearly 20 percent of China's trade with the African continent, according to Chinese Customs.
By the end of 2009, South Africa's investment in China totaled US$546 million while China invested US$950 million in South Africa, Jia said.
China's investment has expanded from traditional industries of textiles, garments and light industrial products to energy, minerals, machinery, household electrical appliances and construction materials.
"Businesses in both countries should increase exchanges, expand areas of cooperation and boost substantive cooperation," Jia said.
South Africa was the last leg of Jia's 10-day African tour which has already taken him to Cameroon and Namibia. Jia also met with South African President Jacob Zuma.
The contracts, the biggest-ever single purchase China made from South Africa, coincided with top Chinese political advisor Jia Qinglin's official goodwill visit to South Africa from Sunday to today.
Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the country's top advisory body, witnessed the signing ceremony on the sidelines of a China-South Africa Economic and Trade Forum in Pretoria.
The deals, involving nearly 30 firms in the two countries, included fishmeal, mohair, wool, bulk wine, copper, wood pulp and chrome ore.
"The signing of the enormous deal showed the cooperation initiative of businesses of the two countries," Jia said. More than 100 Chinese entrepreneurs are on the South African purchase mission.
China has become South Africa's biggest trade partner and exporter as bilateral trade volume hit a historic high of more than US$16 billion in 2009, which was over 10 times than that in 1998 when the two countries forged diplomatic ties.
South Africa is China's second-largest trade partner in Africa with bilateral trade volume accounting for nearly 20 percent of China's trade with the African continent, according to Chinese Customs.
By the end of 2009, South Africa's investment in China totaled US$546 million while China invested US$950 million in South Africa, Jia said.
China's investment has expanded from traditional industries of textiles, garments and light industrial products to energy, minerals, machinery, household electrical appliances and construction materials.
"Businesses in both countries should increase exchanges, expand areas of cooperation and boost substantive cooperation," Jia said.
South Africa was the last leg of Jia's 10-day African tour which has already taken him to Cameroon and Namibia. Jia also met with South African President Jacob Zuma.
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