The Chinese consul-general in Durban, Wang Jianzhou, told guests this at the celebrations of the Chinese New Year at the iZulu Theatre at Sibaya, uMhlanga, recently.
The event also marked the 20th anniversary of China-South Africa diplomatic relations.
Chinese investment in South Africa had grown from zero 20 years ago to more than $20bn of direct investment, reaching thousands of businesses in the country and creating a large number of jobs, the consul-general said.
Both countries regarded each other as a strategic partner in their foreign affairs. The two presidents had held nine bilateral meetings in recent years, reaching a host of important agreements and lifting the comprehensive strategic partnership to a new height.