China looks to South African food exports as way of reducing reliance on US and Australia
- The country is already a major supplier of metals and minerals, but now its agricultural sector could benefit from strong demand in China
“This year, we are working hard with the South African side towards signing export protocols for yet more South African goods, including wool, dairy products, pet food, and wild aquatic products,” Wu told IOL News.
“The Chinese government is committed to advancing high-level opening-up. We are ready to share our mega-sized market with all countries, including South Africa.”
South Africa has been China’s largest trading partner in Africa for 14 consecutive years, and in the first half of this year, the value of that trade hit US$27.5 billion, according to China’s General Administration of Customs.
In the same period, imports from South Africa rose by 10.7 per cent to US$17.29 billion year on year, but Chinese exports to the African nation dropped by 18.6 per cent in that period to US$10.2 billion.