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Saturday, September 1, 2012

South Africa: "SA exports 'crowded out' by Chinese products''

From Engineering News

''South Africa has lost out on $900-million in trade with sub-Saharan Africa because of increased Chinese imports, costing the country more than 77 000 jobs over a decade, a new report by the University of East Anglia (UEA) from the UK has revealed.

South Africa’s industrial production, which grew by 14% between 2001 and 2010, could have been about 5% higher had the country not lost market share to China, while its exports to sub-Saharan Africa would have been 10% higher.''

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