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CollaborationbetweentheAfricancontinentandChinaisnottransactional,itispredicatedonthedevelopmentobjectivesofbothparties,saidchairmanofStandardBankGroup,SouthAfrica,NonkululekoNyembeziatanewsconferenceofthe14thAnnualMeetingoftheNewChampions,alsoknownastheSummerDavosForum,inNorthChina"sTianjinMunicipalityonTuesday.

Shenotedthatthereisstillabitofimbalance."ButIthinkdirectionallyandaspirationally,theideaistogettoaverymutuallybeneficialsharedinterest,"thechairmansaid.

TherealresultsdrivenrelationshipdependsonwhatbothpartiesneedandhowtheAfricancontinentandChinacansupportoneanother,shesaid.

ThisissomethingthatChinesePresidentXiJinpinghassaidisbenchmarkedbyrealresults,shesaid.