China has become South Africa’s largest export market

It is knew from yiwu government that Beijing Xinhua News Agency reporter Wang Libin, August 21,said as the cooperation of the rapid development about mining, agriculture and other aspects, China has surpassed the United States to become South Africa’s largest export market, and  together with  South Africa to become Africa’s main two sources of investment.
South African Ambassador in China Dr. Langa recently told reporters  that since China formally established diplomatic relations with South Africa has made ​​substantial progress in bilateral relations, and  between the two countries in multilateral mechanisms and the major issues affecting humanity takes a similar position. “The establishment of comprehensive strategic partnership not only further consolidate the foundation of bilateral economic cooperation, but also enhance the cooperation level, according to recent estimates, bilateral trade volume between China and South Africa nearly reach $ 21 billion at the end of 2010, China surpassed the United States to become South Africa’s largest formal export market. investment between the two countries nearly reach $ 7 billion
It was explained that South Africa has rapidly developed into a regional hub in Africa,Chinese investors from South Africa to spread to the whole of Africa. “In the South African industry, the Chinese investors in the creation of local capacity to play an active role and we welcome and value the Chinese investors, believe that this partnership will benefit both economies.” Langa told reporters..