An Innovative Path of Growth Links with the Belt & Road Initiative (BRI) and Operation Phakisa Forum took place at the Michelangelo hotel in Sandton, Johanneburg on Wednesday.
The forum discussed various key points to strengthen economic ties between South Africa and China. The general topic of the evening was focused on the Belt & Road Initiative with the potential value of the Maritime estimated at USD 13 billion and one million extra potential jobs in South Africa.
All the members of the SA-China People's Friendship Association pose for a group photo. (Picture: People's Daily Online / Lucia Liu)
The focus of the 21st Century Maritime Silk Road is marine transport and manufacturing, offshore oil and gas exploration, aquaculture, marine protection services and ocean governance.
Several guest speakers delivered their thoughts of the initiatives. Among those were Dr. Bheki Mfeka, Special Economic Adviser to South Africa’s President, Ms. Yu Lijuan, Vice-President of Shanghai Chinese Overseas Friendship Association, Mr. Cao Xingzhi, Executive President of SA-China People's Friendship Association and Mr. Nhlanhla Magubane, Secretary General of South Africa - China People's Friendship Association.
Magubane highlighted the fact that the Belt & Road concept implemented by Chinese President Xi Jinping has been centered around a win-win situation and works hand in hand with South African President Jacob Zuma's Operation Phakisa.
He further highlighted that at the recent G20 Summit which he attended in China centered on shaping the geopolitical discourse towers an inclusive global economy. "We need to realize interconnected development by promoting common development of the world economy"