From July 23 to 24, Chinese President Xi Jinping paid a state visit to South Africa. During the visit, President Xi Jinping held talks with South African President Ramafosa and attended the celebration of the 20th anniversary of the establishment of diplomatic relations between China and South Africa. The two sides reached an important consensus on advancing the comprehensive strategic partnership between China and South Africa in the new era.
In the investment field, the cooperation between the two countries is fruitful. South Africa welcomes investment from China and is creating a good investment environment for foreign investors including Chinese investors. ”
According to the French newspaper Le Figaro, China now regards Africa as an important market for “Made in China” products. The demand in Africa is huge. Jean-Joseph Bovalo, an economist who studies emerging big powers, stressed that "this is a win-win strategy."
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