City Press reports….

The pay a visit to, which was to strengthen trade relations and discover investment possibilities, was to additional cement bilateral relations initiated by former and very first Eastern Cape premier Raymond Mhlaba in 1995, aimed at creating cooperation in financial improvement, culture, as nicely as science and technologies.

Some of the eight cooperation agreements signed have been in between Hangzhou Vocational Technical Education College and the Eastcape Midlands College, which will see the two provinces functioning collectively in automobile and machinery manufacturing, electrical management, marketing and advertising and tourism.

A further was signed in between Hangzhou China-Africa Bridge E-Commerce and BizPal Investment, which will see branded merchandise sold via Tmall, BizPal’s on the internet small business customer buying site.

The third agreement of the eight was in between Tuya Intelligent and SMD Technologies, and will outcome in merchandise upgraded with a concentrate on the online of points.

Eastern Cape Premier Oscar Mabuyane announced that the delegation was interested in a R140 million winery investment and an abattoir.

“Our doors are open for small business from Zhejiang to come and invest in our province and develop jobs our persons yearn for,” Mabuyane told the delegation through a networking session at Coega Vulindlela Village.

“I am specific you have heard or noticed the acts of violence that have regrettably engulfed Gauteng. I want to assure governor Jiajun that such acts are brazen criminality and not xenophobia, as some media homes portray them. South Africans are peace-loving persons with deep-seated values of ubuntu.”

Mabuyane mentioned the Chinese delegation had arrived at a time when his province was implementing its provincial improvement strategy, adding that via this strategy the Eastern Cape had identified sectors via which it aims to re-industrialise and enhance the provincial economy.

The financial sectors identified are the automotive sector, agroprocessing, the ocean economy, sustainable power, light manufacturing, tourism, facts and communications technologies (ICT), as nicely as little, medium and micro-sized enterprise improvement.

“Our two hugely effective SEZs are at the centre of re-industrialisation efforts. They are totally serviced, with access to all utilities and ICT infrastructure, and are each inside close proximity to essential transport networks. This is evidenced by a current Planet Bank-financed study which chose Coega as a single of the seven examples of achievement out of a thousand SEZs worldwide,” Mabuyane mentioned.

He referred to as on the Chinese delegation to also invest in agriculture, citing the cannabis business, which he described as profitable.

“The agriculture sector remains largely underdeveloped in our province in spite of possessing 300 000 hectares of arable land. This is an region with enormous possibilities for each our provinces to cooperate on, specifically in regions such as citrus, grain, meat production and horticulture merchandise.

“There are also a quantity of possibilities in a new sector that we are endowed with – cannabis production for medicinal purposes. Our province is not matched in the complete nation when it comes to the higher high-quality of cannabis that grows naturally in the area.

“We are in the approach of finalising a licensing regime and we need to have investors who will companion with our cannabis farmers to create a thriving cannabis processing business.”

On Wednesday, the delegation was joined by Lin Songtian, the Chinese ambassador to South Africa, in Mthatha, exactly where proposed improvement of the Port Saint Johns harbour and prospective aquaculture projects have been discussed, as the Chinese have expressed interest in the investment.