Ramaphosa to Xi: buy more SA goods
SA president urges China’s leader to reduce the huge trade imbalance between the two countries
SA and China, the world’s second-largest economy behind the US, have agreed to work together to reduce a huge trade imbalance between them as they signed several agreements on infrastructure, energy, agriculture and education during a state visit by Chinese President Xi Jinping on Tuesday.
Pretoria and Beijing, which have enjoyed a 25-year diplomatic relationship, are the largest trading partners in Africa and the Brics bloc of emerging economies. However, trade between the two countries has been skewed in favour of the Asian economic powerhouse, which exported $10.9bn more goods to SA than it imported in 2022 compared with a deficit of $1.68bn in 2011...
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.