Ramaphosa learns lessons in China | Fin24
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Ramaphosa learns lessons in China

Jul 19 2015 20:00

Johannesburg - Deputy President Cyril Ramaphosa returned to South Africa on Sunday from an official visit to the People's Republic of China.
His delegation held strategic bilateral political and economic discussions with his counterpart, Vice President Li Yuanchao and with Premier Li Kieqang, as well as with provincial and local leaders of the Communist Party of China.
The bilateral discussions focused on trade and investment cooperation, financial cooperation, including on the Brics New Development Bank, infrastructure development, energy, vocational training and South Africa's hosting of the Forum on China-Africa Cooperation (Focac) later this year.
Key outcomes
China said it will continue to work with South Africa in implementing the five to ten year strategic programme of cooperation signed during an SA state visit to China in December 2014.
China will assist South Africa to advance its industrialisation process, develop its special economic zones, fast-track its infrastructure build programme, develop its oceans economy, develop its human resources and access development financing.
The Chinese Academy of Governance agreed to a placement of South African government officials and business leaders on a training and skills development programme.
According to the Presidency, the Chinese companies expressed an interest in establishing or expanding existing operations in South Africa.

Several undertook to provide training opportunities to young South Africans in China. This included an offer from Huawei to support a five-year ICT training programme for 1 000 South African students aiming to pursue a career in technology and innovation.
Ramaphosa and his delegation to examined how lessons from the Chinese model of state-owned enterprises (SOEs) could assist South Africa in promoting industrialisation and economic development.

cyril ramaphosa  |  china  |  sa economy


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