Trade with China will lessen blow of US tariffs, says ambassador Wu Peng – The Mail & Guardian

Trade with China will lessen blow of US tariffs, says ambassador Wu Peng – The Mail & Guardian

China’s trade with South Africa is shifting from a traditional exchange to industrialisation, which will take time to enhance South Africa’s production capacity, Chinese ambassador Wu Peng has said. Bilateral trade between the two countries reached $34.18 billion in 2024, with South Africa importing $21.9 billion of goods from China and exporting $12.2 billion, resulting in a trade deficit of $19.71 billion, the South African Institute of Intern…