China and South Africa, whose top leaders met in Beijing, agreed to promote balanced trade and discussed boosting two-way investments between their industrial and commercial communities, a joint statement on Tuesday showed.
President Xi Jinping and his South African counterpart Cyril Ramaphosa met on Monday, ahead of the ninth forum on China-Africa cooperation. Both sides called Ramaphosa’s visit of “great significance” to the development of bilateral relations.
Ramaphosa had sought with Xi to narrow South Africa’s trade deficit with Beijing and review his country’s trade structure with China, petitioning for more sustainable manufacturing and job-creating investments.
China, the world’s second-biggest economy, is South Africa’s largest trading partner globally but the value of its imports from China far outstripped exports last year.
#china #xijinping #southafrica #africa #africanews
n18oc_world n18oc_crux
CRUX is your daily video news guide to the big events that are shaping our world. We track news, geopolitics, diplomacy and defence strategies and explain how they shape national policies. Crux makes sense of global developments, and analyses their impact on daily lives.
Follow CRUX on Telegram:
Follow CRUX on Instagram (@crux.india):
Follow CRUX on Facebook:
#GetCloserToTheNews with latest headlines on politics, sports and entertainment on news18.com
Also watch:
Crux Decode:
Crux+ :
Crux Most Watched:
source