InfoAnda - China's Xi arrives in S.Africa to seek more trade

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China's Xi arrives in S.Africa to seek more trade AFP - Wednesday, November 17 Send IM Story Print China's Xi arrives in S.Africa to seek more trade Slideshow: Full Photo Coverage: Business & Economy JOHANNESBURG (AFP) - – Chinese Vice President Xi Jinping arrived Tuesday in South Africa for a three-day visit to bolster trade with Africa's biggest economy, as China's investment in the continent continues to expand. Xi and Deputy President Kgalema Motlanthe were expected to co-chair a bilateral commission to discuss cooperation between the two countries. China, which last year overtook the United States to become South Africa's largest export destination, mainly imports raw materials such as iron ore, as well as refined iron and steel, to fuel its booming economy. In August, Zuma visited Beijing, signing a slate of cooperation deals on mineral resources, investment in railways, power transmission, construction, mining and nuclear power. Trade between the two countries -- which has been expanding since the establishment of full diplomatic relations in 1998 -- last year totalled about 16 billion dollars (11.8 billion euros in today's rates). China has built an impressive investment portfolio in a number of countries in Africa, particularly Zambia, Angola and Zimbabwe. Xi is also expected to travel to oil-rich Angola and Botswana in visits seen as securing China's energy and resource deals there. China has unveiled billions of dollars in loans and investments to African governments, with analysts describing the rush as the second scramble for African resources after Western colonisation. Recommend Send IM Story Print Related Articles Trading of U.S. bankruptcy claims slumps in October Reuters - 23 minutes ago US-BUSINESS Summary Reuters - 32 minutes ago Stocks off 2 percent as Irish debt and China weigh Reuters - 32 minutes ago Pink diamond fetches record $46 million at Sotheby's Reuters - 33 minutes ago US STOCKS SNAPSHOT-Wall St off 2 pct as Irish debt, China weigh Reuters - 36 minutes ago News Search Top Stories EU in talks with IMF as Irish bailout looms Pilgrims stone 'devil' as Muslims celebrate Eid France warns of deadly diabetes drug GM hikes the price of landmark stock offering Boeing keeps 787s grounded as fire probe continues More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Greece admits breach of bailout terms as audit begins Prince William to marry Kate Middleton next year Oil will run out 100 years before new fuels developed: study US truck dealer triggers buying spree with free AK-47s Heavy smoking in pregnancy linked to crime in offspring More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France EU fines 11 airlines 800 million euros for air cargo cartel 'Naked' airport scanners may be 'dangerous' Be fit, have fewer colds: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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