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South African President Zuma: South Africa Supports China'S Increased Investment In Africa

2010/8/30 19:49:00 40

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South African President Jacob Zuma said Tuesday that China is the same as the whole.

Africa

The mainland has maintained a very friendly relationship. South Africa supports China's increased investment in Africa and hopes to reduce South Africa's trade deficit with China.

Zuma said in a meeting with Chinese President Hu Jintao on the afternoon of 24, the development potential of South China relations is huge.

China is not only South Africa's largest trading partner, but also one of South Africa's most important investors.

South Africa is willing to strengthen cooperation with China to promote the development of Sino African relations.

Rob Davis, Minister of trade and industry of South Africa (Rob Dabies), said China's growing interest in Africa will bring great benefits.

He said that the rapid expansion of China's African territory would only be a good thing, because it means that in Africa's competition for resources and influence, the developed countries and the developing countries

compete

Aggravate.

"We don't need to sign our papers anymore. We have an alternative now, which is good for us," Davies said in an interview.

Davies said that the appropriate response of Western critics who claimed that China is seeking the power of Neo colonialism is "mutual".

Zuma, who attended the "China South Africa high-end business forum" yesterday morning, said he hoped China would increase its investment in the country, especially in the areas of infrastructure construction such as power, pportation, water conservancy, communications and so on, and gradually expand to manufacturing and agricultural products.

textile industry

Clean energy and other industries.

Thandi Tobias- Pokolo, Vice Minister of South Africa's Ministry of trade and industry, said yesterday that in the first half of this year, South Africa's investment in China totaled 580 million US dollars and China's investment in South Africa amounted to US $960 million.

Last year, $6 billion 570 million of South Africa's exports to China were almost entirely natural resources, while the country's imports from China amounted to $9 billion 450 million worth of manufactured goods.

President Zuma appealed to China to increase its investment in South Africa while seeking to reduce its trade deficit with China.

Rob Davis stressed that the two sides also need to cooperate to further promote the export of high value-added products in South Africa.