China Discusses Economic Issues and New Trade Cooperation. At the 2023 BRICS Summit, China discussed its country’s economy and plans to import more goods from South Africa. This was conveyed separately by the Minister of Commerce Wang Wentao and President Xi Jinping.
President Xi Jinping attended a leaders’ dinner hosted from South Africa. He previously did not attend the business forum to deliver the speech, which was represented by China’s Minister of Commerce Wang Wentao.
As is well known, China has become the object of attention on global financial markets, with sluggish growth, a highly leveraged property market, and deflationary risks.
However, China is taking advantage of the BRICS annual meeting this time to voice optimism for the economy of the Bamboo Curtain country. Wang, in his statement representing Xi, said that China’s economy has strong resilience, tremendous potential and great vitality.
Then, the statement also said that China will remain an important opportunity for world development and will expand market access, as well as improve the climate for foreign business.
China Discusses Economic Issues. In a joint press conference with South African President Cyril Ramaphosa, Xi also said that China is ready to import more quality products from South Africa and will deepen cooperation in various fields.
He also said that together with the host country, China will deepen bilateral cooperation in the fields of electricity, new energy and innovation, while encouraging Chinese companies to invest in Africa’s most industrialized country.
Xi also said that China supports substantive progress in the G20 and supports South Africa to play a bigger role. In this situation, Xi also believes that it is important to move forward. China also supports BRICS expansion and will forge closer partnership with BRICS.