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Preparations for the opening of the regional branch of the $100 billion NDB is at an advanced stage, Zuma told South African lawmakers.
There was a 62% plunge in Chinese tourists between November 2013 and November 2014.
The direct payments value between South Africa and China/Hong Kong denominated in yuan soared to 31.3 per cent in June 2015 from 10.8 per cent in June 2014 and 4.6
In the first week of June, outflow from emerging economies reached $9.3 billion – the highest rate in seven years.
The hosting of the 2015 China-Africa Cooperation (FOCAC) promises to be a major event on Pretoria's diplomatic calendar.
The BRICS Bank will work closely with the China-led AIIB, says communique.
The group represents more than a fifth of the global economy.
Even as Western countries and Japan continue the suspension of their 16-year collaboration with Russia in the G8, Russian President Vladimir Putin on Wednesday evening hosted a different group: leaders
China is now South Africa's largest export partner.
