Sichuan Shuangma Cement Co. jumped 10.1% in Shenzhen, while in Hong Kong, West China Cement climbed 5.1% and China National Building Material Co.

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For a relatively new fashion brand, this focus on China just goes to cement the fact that the Chinese consumer is an important market segment for the fashion and luxury sector.

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Energy-guzzling heavy industries, such as steel and cement, bore the brunt of China's downturn late last year.

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And for Vobile, it may be the first two in a series of agreements that cement the startup as the go-to service for copyright filtering in China.

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If all goes well, the revenues produced from exporting iron ore to China in the next 2-3 years will then pay for a steelworks and, ultimately, cement and even car factories.

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South Africa will take over as the KP chair next year, and Milovanovic said that China had volunteered to serve as deputy chair - a step which could see Beijing, which is working hard to cement ties with resource-rich African nations, take over the full chairmanship in 2014.

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