China mega deals on course: Envoy

China mega deals on course: Envoy

IMPLEMENTATION of the mega deals signed between Zimbabwe and China last December is on course with teams from both countries working flat out to ensure their success, China’s top diplomat here has said.

Ambassador Huang Ping said Beijing was also working hard to source funding for the projects worth over $4 billion, that were signed between the two countries during President Xi Jinping’s State visit here in December last year.

He made the remarks after paying a courtesy call on Minister of Policy Co-ordination and Promotion of Socio-Economic Ventures in the President’s Office, Ambassador Simon Khaya Moyo at his Munhumutapa offices in Harare yesterday.

“We talked about our good relationship and how to further strengthen this relationship and expand our cooperation,” said Ambassador Huang.

“We focused on how to implement the fruits of the State visit by President Mugabe to China and the recent State visit by President Xi Jinping which was followed by the FOCAC (Forum on China Africa Co-operation).

“Mega deals were signed and witnessed by the two Presidents when President Xi Jinping came to Harare. At FOCAC President Xi Jinping made an announcement that China is going to invest $60 billion in the next three years. So those are the things I think we need to work together to implement.”

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  • Tapfuma

    Many long term joint projects impossible without majority foreign financing, are now in danger of never starting or completion with Minister Zhuwao’s threat to close all large ventures who do not comply with an obligatory 51%/49% indigenisation split. It’s obvious major investors like the Chinese with $60 billion to share in Africa, will choose the most investor friendly nations thus excluding Zimbabwe unless the President deals with economically worthless retrogressive and rogue Ministers of dubious caliber like Zhuwao.

  • Simbai

    No doubt Ambassador Huang Ping was following Beijing orders to remind the Zimbabwe Government of the investment tightrope it is walking, and importance of following the rule of international law and spirit of bilateral agreements signed between the two nations? One can imagine the consequences to friendly relations after Minister Chidhakwa made his unilateral decision to close Chinese mining concerns, and by extension the effects on decisions by current and future Chinese investors.