China and South Africa Sign Business Cooperation Agreements
Post Date: 28 Aug 2010 Viewed: 480
On August 24, companies and organizations from China and South Africa signed over a dozen cooperative documents at a business forum, which involved in areas such as solar power, mining, telecommunications, insurance and finance. South African President Jacob Zuma attended the forum in his visiting to China.
Zuma said as China’s investment in South Africa was focused on the mining and finance sectors, he hoped the two countries could advance cooperation in infrastructure, telecommunications technology, and energy, manufacturing and green economy.
Chinese vice Commerce Minister Gao Hucheng called on the two countries to deepen cooperation in energy and resources. Gao said China would encourage companies to import more high value-added products from South Africa, and exert more effort on Sino-South African joint business in mineral processing areas. He also appealed the two countries to make efforts to expand cooperation in new industries and improve trade environment.