www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Buoyant trade good news for South Africa

By Melanie Peters | China Daily Africa | Updated: 2017-10-08 19:15

Trade between South Africa and China has experienced phenomenal growth over the past decade, according to South African economic experts.

Cyril Prinsloo, a researcher at the South African Institute of International Affairs, describes bilateral trade between the two countries as "phenomenal".

"This was especially important for South Africa in the period shortly after the global financial crisis, when some of the country's traditional trading partners experienced slow growth, while demand for goods from China was strong," Prinsloo says.

But it's increasingly evident that the nature of trade between the two partners is inequitable, he says. South Africa exports largely raw commodities to China, while it imports manufactured goods.

Buoyant trade good news for South Africa

"In order to drive domestic industrialization and create more domestic jobs, the South African government is looking to address this challenge," he says.

Prinsloo believes this can be done partly by increasing direct investment, which in turn would spur the creation of more jobs and stronger value-chain linkages between the two partners.

During the ninth BRICS Summit, which experts agree was a powerful conduit for strengthening South-South cooperation, South African President Jacob Zuma spoke of an ambitious target of 5 percent growth by 2019 for South Africa.

"Our country is ready to advance an economic partnership with China in the pursuit of inclusive growth and job creation," he said.

During the Forum on China-Africa Cooperation two years ago in Johannesburg, the South African and Chinese governments signed 26 agreements worth 94 billion rand ($7.2 billion; 6 billion euros; 5.3 billion), adding fresh impetus to bilateral cooperation between the two countries.

Six priority areas were identified: alignment of industries to accelerate South Africa's industrialization process; enhancement of cooperation in special economic zones; enhancement of marine cooperation; infrastructure development; human resources cooperation; and financial cooperation.

Both sides agreed to further strengthen the joint working group, with emphasis on locomotive procurement, civilian nuclear energy projects, investment in renewable energy, investment cooperation in industrial parks, trade promotion specifically focused on South African product expos and Chinese trade missions, promoting the exporting of South African products to China and cooperation in the Black Industrialists Programme, visa facilitation, financial cooperation and the upgrading of the national electricity transmission and distribution system.

South Africa has also committed to the Belt and Road Initiative.

According to the Centre for Chinese Studies at Stellenbosch University, Chinese investors have now developed a keen interest in South African real estate, which will further increase investment in the country.

Sifiso Ntombela, head of trade and investment intelligence at South Africa's Agriculture Business Chamber, says the country's agricultural exports to China have increased to a value of $428 million.

"This is equivalent to a 4.5 percent share of total agricultural exports to the world. Growing agricultural exports have, to a certain extent, assisted the sector in becoming a temporary savior for the South African economy, as was witnessed in the second quarter of 2017, when agricultural GDP grew by 33.6 percent, thus helping the economy to move out of technical recession."

In the past two years, Chinese direct investment in South Africa has expanded. Examples include the home appliance factory of Hisense Group, the cement production line financed by Hebei Jidong Development Group and the assembly plant of China First Automotive Works in Coega Industrial Park.

Hisense recently celebrated a significant milestone of producing its millionth television and millionth refrigerator at its factory in Cape Town.

The factory now employs more than 500 people on a full-time basis, with training and social improvement projects benefiting approximately 2,000 people in the community.

Hisense is exporting to 13 African countries from its Cape Town facility.

According to a report by the South Africa-China Economic and Trade Association, Chinese enterprises in South Africa are making positive contributions to the socioeconomic wellbeing of the country.

The NGO's report says there are more than 300 Chinese companies in South Africa, of which about 140 are medium-sized or large. These are involved in fields such as real estate, mining, automobiles, finance, construction, textile, logistics and household appliances.

By the end of last year, Chinese investment in South Africa reached about $13 billion. Chinese enterprises employed more than 26,000 people, of whom 24,000 were locals, the report says.

Unemployment in South Africa is at its highest level in almost 15 years, with nearly a half a million added to the list of the jobless, offsetting nearly 150,000 jobs added to the economy.

Jessie Duarte, deputy secretary-general of the African National Congress, in an opinion piece for a South African newspaper, said the government's relationship with its main trading partner China continues to create jobs in the local market.

She commended China for its training and teaching of South Africans.

In 2015, China trained more than 400 artisans, technicians and managers in South Africa.

At the end of last year, 10 students from South African universities were chosen to take part in Huawei's Seeds for the Future Program.

The author is an online editor of the South African newspaper Weekend Argus and is currently visiting China Daily as part of a fellowship program of the China-Africa Press Centre.

For China Daily

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美极品欧美精品欧美视频 | 日韩不卡一二三区 | 深夜福利国产福利视频 | 久久99精品这里精品3 | 亚洲线精品一区二区三区 | 三级理论手机在线观看视频 | 国产精品1区2区 | 亚洲免费观看在线视频 | 黄色a∨ | 国产三级成人 | 国产自一区 | 亚洲午夜精品一级在线 | 精品韩国主播福利视频在线观看一 | 亚洲精品第一区二区三区 | a色在线| 欧美aaaa在线观看视频免费 | 国产精品免费_区二区三区观看 | 精品热99| 一级一片免费看 | 91精品免费国产高清在线 | 亚洲天堂爱爱 | 福利视频黄 | 国产成人精品久久二区二区 | 亚洲日本va | 精品国产自在现线看久久 | 狠狠澡夜夜澡人人爽 | 中日毛片| 日韩国产欧美在线观看一区二区 | 日本欧美一级二级三级不卡 | 天天看夜夜 | 九九久久免费视频 | 亚洲国产成人最新精品资源 | 国产a区| 午夜日b视频| 国产欧美日韩在线一区二区不卡 | 久草免费福利 | 草草视频在线观看 | 亚洲国产精品一区二区三区在线观看 | 美女拍拍拍爽爽爽爽爽爽 | 成人爽a毛片在线视频网站 成人爽爽大片在线观看 | 日本一级在线播放线观看免 |