zim china flag 05.01.11.jpgZimbabwe and China have signed bi-lateral agreements that are expected to increase China’s investment value in Zimbabwe from the current US$520 million to US$1 billion in the next few months.

A 10-member Chinese delegation led by that country’s Vice Minister of Commerce, Zhong Shan paid a courtesy call on Acting President, Cde John Landa Nkomo to discuss possibilities for economic, technology and agriculture agreements.

 

Speaking to journalists soon after the closed door meeting with Acting President Nkomo and the Chinese delegation, Minister of Industry and Commerce, Professor Welshman Ncube said the two countries discussed a number of bi-lateral issues and signed an 80 million Yen letter of understanding to exchange expertise in agriculture as well as explore possibilities for China to partner Zimbabwe in diamonds exploitation.zim china flags 02-12-10.jpg

The initiative to double Chinese investment is expected to boost the economic ties between the two countries.

China/Zimbabwe relations are solid with China alongside Russia, being the two big powers that blocked western attempts to impose UN sanctions on Zimbabwe in 2008.

China is an all weather friend, which assisted politically and with material support during Zimbabwe’s war of liberation.