Chinese delegation in SA in response to Cyril Ramaphosa’s call for $100bn investment
The Zhejiang delegates will take part in a China-SA business forum in the Eastern Cape, noting ‘the bilateral relationship between China and SA is at its historical best’
About 100 delegates from China’s coastal Zhejiang province are on a week long roadshow in SA "in direct response" to President Cyril Ramaphosa’s call for $100bn in investment in the country over the next five years. The "entrepreneurs" from one of China’s most market-friendly provinces will participate in a China-SA business forum in the Eastern Cape, including a visit to the Coega special economic zone (SEZ) near Port Elizabeth. Coega is already home to China’s FAW automotive manufacturer and the Beijing Automotive Industry Holding group (BAIC). Both companies have invested heavily in truck and passenger car production in the zone for sales into Africa. "Relations have grown from a small boat to a huge vessel travelling [towards] mutual benefit," Che Jun, party secretary of the Zhejiang provincial committee of the Communist Party of China, and leader of the delegation said on Thursday. "The bilateral relationship between China and SA is at its historical best." China is SA’s single...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.