Wednesday, March 31, 2010

China, South Africa Sign Trade Deals

Chrome Ore Purchase Included In $300 Million Deal


China and South Africa have signed a series of deals worth $US300 million to the African nation. The deals were signed on Wednesday during a visit by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), during his goodwill visit to South Africa. Mr Jia was in Pretoria to attend the China-South Africa Economic and Trade Forum.

The deals, involving almost 30 companies from the two countries, include the purchase of South African chrome ore, a vital raw material in the manufacture of steel.

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