Green shoots sprout in deals with South Africa

08:25, August 25, 2010      

Email | Print | Subscribe | Comments | Forum 

China will broaden cooperation on conventional and clean energy with South Africa, according to reports during President Zuma's four-day visit, the 21st Century Business Herald said Tuesday.

China was expected to sign a series of memoranda with South Africa Tuesday, including deals with PetroSA and Shanduka Group, a solar power firm, the paper said.

South Africa hopes to enhance cooperation in solar panel manufacturing and new energy sectors, South Africa's Trade and Industry Minister Rob Davies said Tuesday

China National Nuclear Corp (CNNC) is in talks over building a nuclear power plant in South Africa. Negotiations involve the potential transfer of nuclear technology to South Africa, a move to deal with the country's electricity supply shortage, according to Dow Jones Newswires.

Last month, China's Shenhua Ningxia Coal Industry Group signed a contract with the South Africa-based Foster Wheeler International Corporation to build a coal-to-oil plant in Northwest China's Ningxia Hui Autonomous Region. The total investment is expected to reach between $8 -10 billion.

Zuma started his official four-day visit Monday, accompanied by 13 ministers and a delegation of 370 business people, the largest group to travel with a South African president ever.

Trade ties between the World Cup host and World Expo host have grown rapidly in recent years. In 2004, China and South Africa established a strategic partnership. Four years later, China became South Africa's largest trade partner mainly through trading resources and industrial products.

According to the Chinese Deputy Commerce Minister Gao Hucheng, bilateral trade volume has reached $10.8 billion this year, increasing 56 percent compared to the same period last year.

South Africa's investment in China was $580 million by the end of June, while Chinese non-financial investment in South Africa reached $960 million at the same period.

By Li Woke

Source: Global Times

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Champion of Miss Bikini from Poland receives trophy at the final of the 36th Miss Bikini International World Competition in Qingdao, east China's Shandong Province, Sept. 28, 2011. (Xinhua Photo)
  • Photo taken on Sept. 28, 2011 shows autumn scenery of populus euphratica forests in Ejina Banner, north China's Inner Mongolia. The populus euphratica forests here, with an area of 390,000 mu, or 26,000 hectares, is one of the world's most famous populus euphratica forests. The golden leaves and sunshines here in autumn is able to attract more than 100,000 person-times annually. (Xinhua/Zhao Tingting)
  • A coser performs in the third Western China Animation Comic Game (ACG) Festival in Chongqing Municipality, Sept. 29, 2011. The festival includes activities such as cosplay show, Hip-pop competition, forum and exhibitions. (Xinhua/Li Jian)
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
Hot Forum Discussion