The second-ever China-Africa Economic and Trade Expo in Changsha has wrapped up, strengthening the bond between the two trade allies. The four-day event themed ‘New Start, New Opportunities, and New Accomplishments’ was held in person and online, and featured nearly 1 000 enterprises and government officials, including representatives from more than 40 African countries, according…
China is considering to postpone its “Made in China 2025” technology plan that aims to develop local expertise and skills and reduce the nation’s reliance on foreign technology. According to sources that spoke to Bloomberg, the country is revising its plans to become an advanced manufacturing leader within a decade until 2035. Initiated in 2015,…
The American electrical vehicle manufacturer, Tesla, has opened up its first ever wholly-owned assembly plant in Shanghai, China, after the Chinese government lifted restrictions on foreign companies producing vehicles in China. The American firm, owned by South African expatriate, Elon Musk, opened the assembly plant in July, after China agreed to lift regulations on global…
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…