Riyaz Patel
Deputy President David Mabuza touched down in Shanghai, China Friday for the trade and investment leg of the 7th South Africa–China Bi-National Commission (BNC).
Mabuza is on a working visit to China to strengthen the South–South cooperation and to bolster the already strong bilateral, political and economic ties between Pretoria and Beijing.
South Africa and China are celebrating the 21st anniversary of their diplomatic relations, cemented on the Comprehensive Strategic Partnership Agreement that was signed in 2010.
The Agreement prioritised, amongst others, improving the structure of trade between the two countries by working towards a more balanced trade profile, while enhancing trade in value-added manufactured products.
South Africa currently has about 26 companies who have invested in China with a capital expenditure of R88bn between January 2003 and August 2019.
China on the other hand has a total of 88 companies in South Africa with a capital expenditure
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