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If it is fair to say that China-Africa cooperation has crowned the overseas expansion of Chinese enterprises in the last decade, the China-South Africa cooperation has become the jewel in that crown. Both members of the BRICS, South Africa has become a gateway to Chinese businesses in the Sub-Saharan region.
China has grown to become South Africa's largest trading partner, with South Africa also being China's largest trading partner in Africa. In 2012, trade between China and South Africa reached 60 billion US dollars, up 32 percent year-on-year.
A large proportion of this achievement can be attributed to robust cooperation between the state-owned enterprises of the two countries. SOEs in both China and South Africa are the backbones of their national economy with a strong presence in key sectors. Both sides have yet to tap into their full potentials, such as cooperation in the high speed rail sector.
So how does South Africa assess the outcome of cooperation between the state-owned sectors of the two sides? What future opportunities should we look at in China-Africa cooperation?
In this program, we speak to BG Magwanishe, Deputy Minister of the Department of Public Enterprise of South Africa, we caught up with the Deputy Minister when he visited China earlier this month. And Dr. Zhu Ming, Research Fellow at the Center for West Asian & African Studies, at the Shanghai Institute for International Studies.
China-South Africa Cooperation
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