South Africa’s beneficial deals such as the BAIC auto plant, launched in Coega, outside Port Elizabeth, won’t be affected by trade tensions between the United States and China, business leaders from the two countries said.
According to a report from Fin24, BAIC International chair Xu Hey said the so-called trade war between the two superpowers will not affect the BAIC as the US is not a key export market.
“We have a rich tradition of working with South Korean and European companies,” said Hey. “There need be no worry about the trade war impacting our collaboration with the IDC in SA.”
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