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China economy riding on joint ventures

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Johannesburg – Chief economist of the China Export-Import Bank, Dr Jianye Wang says China’s economic growth has been boosted by direct foreign investment where 80 percent of its trade with other countries is in joint ventures.

Wang said examples were in the telecommunications and automobile sectors where China had become among the largest producers.

He said there was ample room for improvement in China-Africa trade relations which are growing dramatically, adding both countries had a lot to learn from each other to benefit from the strong ties.

He said what among what was shaping the future in doing trade with Africa were the demographics, technology and high private sector participation.
He said there were more business to business relations as compared to government cooperation.

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