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China has confidence in SA economy

Eastern Cape Phumulo Masualle
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The Eastern Cape government has signed a memorandum of understanding with Zhejiang province in China, where business, friendship and export commitments were made.

The Chinese delegation is in Port Elizabeth on a China-South Africa business forum, which seeks to strengthen relations between South Africa and China.

Premier Phumulo Masualle says the aim is to strengthen businesses between the two provinces.

“What we are doing now is locking businesses with each other, so that from there we have the deals that can get entered into with business. The relationship we are really giving, it’s impetus, it’s been for some time dormant. We are looking now to upscale that and the environment is so conducive, and you can see the leadership is very much committed.”

The Chinese delegation says they have confidence in the economy of both South Africa and the Eastern Cape Province.

Secretary of the Zhejang Provincial Committee of the Communist Party of China, Che Jun, says they’re looking at venturing in agriculture and tourism.

“For example in the areas of agriculture, and fishery, Zhejang has a very large market and we’d like to import more high quality beef and fish from the Eastern Cape, because Zhejang has a population of 56 million,” says Jun.

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