OPENING REMARKS FOR SAIIA CONFERENCE ON 10 YEAR COMMEMORATION OF SOUTH AFRICAN - CHINA RELATIONS

The opening remarks highlight the growth of Sino-South African relations, noting that two-way trade reached US$9.86 billion in 2006 and citing the 2007 ICBC purchase of 20% of Standard Bank as the largest Chinese investment in Africa. The speaker argues that both nations can contribute to African prosperity and the welfare of developing countries in the South, including efforts for debt relief and the restructuring of the WTO and World Bank.

• Bilateral economic ties between China and South Africa have grown significantly, with two-way trade reaching US$9.86 billion in 2006.
• The 2007 announcement by ICBC to purchase 20% of Standard Bank for US$5.46 billion represents the largest investment ever made by China into Africa.
• China and South Africa are positioned to collaborate on global and continental issues, specifically regarding the welfare of developing countries in the South, seeking debt relief for impoverished nations, and restructuring the World Bank and the WTO.
• China has transitioned from a state-controlled economy to a state-driven entrepreneurial nation, lifting over 400 million people out of poverty since the late 1970s and increasing its GDP from $106 billion in 1970 to over $1.3 trillion.

APA

Phaswana, F. (n.d.). OPENING REMARKS FOR SAIIA CONFERENCE ON 10 YEAR COMMEMORATION OF SOUTH AFRICAN - CHINA RELATIONS. South African Institute of International Affairs. https://saiia.org.za/wp-content/uploads/2008/05/chap_con_opening_remarks_sa_china_conference_20080605.pdf

Chicago

Phaswana, Fred. OPENING REMARKS FOR SAIIA CONFERENCE ON 10 YEAR COMMEMORATION OF SOUTH AFRICAN - CHINA RELATIONS. South African Institute of International Affairs, n.d. https://saiia.org.za/wp-content/uploads/2008/05/chap_con_opening_remarks_sa_china_conference_20080605.pdf.

Wikipedia

{{cite press release |last1=Phaswana |first1=Fred |title=OPENING REMARKS FOR SAIIA CONFERENCE ON 10 YEAR COMMEMORATION OF SOUTH AFRICAN - CHINA RELATIONS |publisher=South African Institute of International Affairs |url=https://saiia.org.za/wp-content/uploads/2008/05/chap_con_opening_remarks_sa_china_conference_20080605.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{phaswanandopening, author = {Phaswana, Fred}, title = {{OPENING REMARKS FOR SAIIA CONFERENCE ON 10 YEAR COMMEMORATION OF SOUTH AFRICAN - CHINA RELATIONS}}, publisher = {South African Institute of International Affairs}, url = {https://saiia.org.za/wp-content/uploads/2008/05/chap_con_opening_remarks_sa_china_conference_20080605.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }