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SA and China Agreements: Africa Investment To Boost Development, Citizens Quiz Corporation

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Cyril Ramaphosa Nyheter

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SA and China signed a corporation agreement when President Cyril Ramaphosa visited the Asian country in September. China vowed to continue ploughing in SA's economy.

The corporation will inject into strategic economic sectors, among them automotive and agriculture— China's investment in Africa has been lauded since the Asian country pledged $50 billion over the next three years.200 Uitenhage/ Kariega residents march to demand government response to flood crisis and pollution"The new joint funding agreements will stimulate Chinese manufacturing locally. Chinese electric vehicles will be assembled in SA.

""What's the catch? US 50 billion donation or loan? What do they want in return? We don't want Africa's grandchildren burdened with debt, please.""Africans have to realize that only Africans can develop Africa. China is not different from the West, they are only bit less evil. Africa should come of age and stop being spoofed!"reported that the 'Where to invest in Africa' report released in August showed SA's gross domestic product grew lean.

 

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