President Cyril Ramaphosa told China's Xi Jinping on Monday he wanted to narrow South Africa's trade deficit with Beijing.
on Monday he wanted to narrow his country’s trade deficit with Beijing, days before the Chinese leader is due to urge a summit of 50 African nations to buy more Chinese goods.
Ramaphosa’s remarks point to the challenge Xi may have in convincing African leaders gathering in Beijing to absorb more of the production powerhouse’s wares, particularly after China did not meet a pledge from the last Forum on China-Africa Cooperation Summit in 2021 to buy US$300-billion of African goods.
“As South Africa, we would like to narrow the trade deficit and address the structure of our trade,” Ramaphosa told his host during talks at Beijing’s Great Hall of the People, a statement from his presidential office said. Signalling China’s willingness to help South Africa put an end to the persistent power cuts, poor port processing and subpar railways that have throttled economic growth, Xi proposed elevating bilateral ties to the level of a “new era of all-round strategic partnership”, Chinese state media reported.
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