男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
   

South Africa to invest more in China

By Hu Yuanyuan (China Daily)
Updated: 2008-03-20 10:34

South Africa will increase its investment in China this year to strengthen the economic ties between the two fast-growing emerging markets, said a South African minister.

Related readings:
Trade between China, S. Africa to jump 40%
China, South Africa to push bilateral ties to new high in 2008
China bags silver in gold
BHP invests $975m in South Africa coal project
China and South Africa set up strategic dialogue

ICBC completes South Africa deal

"We would like to increase our investment in several sectors such as automotive and energy," Rob Davies, deputy minister of South Africa's department of trade & industry, told China Daily.

South Africa's investment in China hovered around $700 million in 2006. The figure for 2007 is not yet available.

These investments mainly went to breweries, hotels and the energy sector. The biggest investments have been made by South African giants such as MIH, SAB Miller and Sasol, who are striving to expand their presence in China.

Multinational media giant MIH, which already has stakes in several newspapers in China, including the Beijing Youth Daily, Titan Weekly and Anhui Daily, is eyeing the mobile TV market in China as the country is poised to launch the facility before the Olympic Games.

Energy tycoons Sasol and Anglo-American are also accelerating their billion-dollar projects in China, one in coal-to-petroleum and another in coal chemicals. SAB Miller, one of the world's largest breweries, is looking for more opportunities after its joint venture in China acquired five local brands in the 2006 fiscal year ended March 31.

Sources said major South African banks such as ABSA and Investec are initiating a China fund aimed at investment opportunities in the world's fastest growing economy.

"The scale of the fund will be larger than any investment South African companies have ever made in China," a source said.

China has invested thrice as much in South Africa as the latter in China, Davies said. Most of the rapid increase in Chinese investment has come through China's largest lender ICBC's takeover of a 20 percent stake in South Africa's Standard Bank. The $5.46 billion deal was completed on March 4.

"Trade and economic cooperation is a major strategic area in the cooperation framework of South Africa and China," said Davies.

This year will mark the 10th anniversary of the establishment of the two countries' diplomatic relations.

Bilateral trade has developed over the past decade from a negligible figure to $9.86 billion in 2006, according to statistics of the Ministry of Commerce. China is now South Africa's second largest source of imports after Germany and its sixth largest export market.

"The trade imbalance between two countries has been largely improved," said Davies, adding South Africa's exports to China grew much faster than imports from China last year.

While boosting investments in China, South Africa is also urgently looking for more Chinese investment, particularly in the infrastructure and raw material processing sectors.

"We would like to have more value added to our mining products before exporting them," Davies said.

Talks have been on with some Chinese companies including Sinopec and Sinosteel for cooperation toward that end.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 庄浪县| 富宁县| 乐平市| 古交市| 仙桃市| 平乡县| 梁山县| 秦皇岛市| 克什克腾旗| 贵溪市| 剑阁县| 鄯善县| 西林县| 和顺县| 静安区| 仁寿县| 玉林市| 勐海县| 和静县| 平江县| 屏东县| 绩溪县| 拜城县| 襄城县| 新民市| 宣恩县| 郧西县| 华宁县| 锡林浩特市| 中卫市| 如东县| 棋牌| 东安县| 金昌市| 长宁区| 随州市| 嘉鱼县| 滁州市| 杭锦旗| 南召县| 吉林市| 隆昌县| 东港市| 和田县| 京山县| 连江县| 九龙城区| 库车县| 和龙市| 武定县| 通渭县| 五大连池市| 都匀市| 高平市| 农安县| 万安县| 谢通门县| 万安县| 琼中| 铅山县| 玉屏| 昌宁县| 济宁市| 灵宝市| 阿拉善盟| 酒泉市| 鄂尔多斯市| 安泽县| 台州市| 增城市| 都匀市| 德阳市| 辛集市| 子长县| 南宁市| 山东| 大庆市| 嵩明县| 苏尼特左旗| 措勤县| 西城区| 古田县|