皇冠体育app

(Xinhua)
Updated: 2007-11-27 10:33

The trade between 皇冠体育app and South Africa has witnessed rapid growth in recent years with officials estimating that the bilateral trade volume could reach US$14 billion this year.

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The bilateral trade this year could grow by over 40 percent than last year, said Ling Guiru, counsellor on economic and commercial affairs of the Chinese Embassy to South Africa.

The bilateral trade volume for the first 10 months climbed to US$10.4 billion, an increase of 53 percent over the same time last year, he said.

皇冠体育app's export to South Africa increased by 36 percent during the period, while import increased by 73 percent, he said, adding the exports have shown a structural change as textiles were 皇冠体育app's main exports to South Africa before while at present 皇冠体育app is exporting more mechanical and electrical products and products of light industry.

The agreement investment between the two countries amounted to US$1.31 billion by the end of 2006, among which 皇冠体育app's investment in South Africa was US$530 million.