Following China’s accession to the World Trade Organization in 2001, its trade with Africa has grown exponentially, reaching US$208.7 billion in 2019. China is now South Africa’s foremost business and trading partner and bilateral trade between the two countries surpassed US$32 billion in 2019.
China has tremendous potential as both a supplier of products and as a consumer of goods and services. To benefit from China’s remarkable rise and out-perform competitors, South African companies and business people must come up with ways to improve the way that they do business with the Chinese.
Direct engagement with Chinese manufacturers, trading companies, financial institutions and other enterprises is likely to prove tremendously fruitful for South African companies and business people.