The trade between China and South Africa has witnessed rapid
growth in recent years with officials estimating that the bilateral
trade volume could reach US$14 billion this year.
The bilateral trade this year could grow by over 40 percent than
last year, said Ling Guiru, counsellor on economic and commercial
affairs of the Chinese Embassy to South Africa.
The bilateral trade volume for the first 10 months climbed to
US$10.4 billion, an increase of 53 percent over the same time last
year, he said.
China's export to South Africa increased by 36 percent during
the period, while import increased by 73 percent, he said, adding
the exports have shown a structural change as textiles were China's
main exports to South Africa before while at present China is
exporting more mechanical and electrical products and products of
light industry.
The agreement investment between the two countries amounted to
US$1.31 billion by the end of 2006, among which China's investment
in South Africa was US$530 million.
(Xinhua News Agency November 27, 2007)
