Premier Li Keqiang (R) shakes hands with South African President Jacob Zuma in Beijing on Dec 4, 2014.[Photo/chinanews.com]
Premier Li Keqiang holds talks with South African President Jacob Zuma in Beijing on Dec 4, 2014. [Photo/Xinhua]
South Africa is a favored investment destination for China and Beijing will help set up economic zones in the country, Premier Li Keqiang told President Jacob Zuma of South Africa on Dec 4.
China is encouraging domestic large-scale equipment manufacturers to take part in the further industrialization of South Africa, Li said, adding that China will also participate in setting up economic zones and industrial parks.
The Premier also called for enhanced cooperation in maritime development, finance, such as currency swaps, and nuclear power development. Both countries will promote connectivity and regional integration in Africa with China-made aircraft through a joint-venture airline company expected to be set up soon, Li said.
Cooperation with both South Africa and the continent will be more than just on the economic front as China will continue its efforts, with African countries, to combat Ebola, Li said.
African countries welcome China’s active role in building infrastructure to push forward connectivity and boost regional integration, Zuma said.
South Africa is looking forward to further cooperating with China in the political, trade and maritime sectors as well as enhancing cultural exchanges.
Zuma arrived in China on Dec 3 for a four-day state visit, during which he also met President Xi Jinping. Trade between South Africa and China grew from $11 billion in 2008 to $24 billion in 2013. China is South Africa’s leading trading partner.