vp mujuru with chinas vice premier ed.pngActing President Joice Mujuru says trade volumes between China and Zimbabwe have increased by 25% from US$562 million in 2010 to US$810 million last year.

Zimbabwe and China’s economic ties have strengthened over the years following the adoption of the Look East Policy by government in 2000 as a way of cushioning local companies against illegal sanctions imposed on the country by western nations.

Briefing the visiting Chinese Premier, Mr Hui Liang Yu during a dinner hosted for the delegation in the capital, Cde Mujuru said government is engaging China Eximbank to avail loans for the development and rehabilitation of municipal water supply and sewage treatment systems.

Mr Yu said his government is accelerating its investment into the country in various sectors of the economy with a bias to sectors as mining, construction and technology for the economic growth of the two countries.

 

Meanwhile, the Chinese Vice Premier and his delegation have left Harare for China via Seychelles.

The high powered delegation was seen off at the Harare international airport by Acting President Mujuru, Foreign Affairs Minister, Cde Simbarashe Mumbengegwi and other senior government officials.

During his two day visit, Vice Premier Yu participated at the official opening of the Agricultural Demonstration Centre and witnessed the signing of four cooperation agreements where China is expected to invest over US$170 million in agreed economic programmes.

Earlier on, the delegation visited the Tianze Tobacco Auction Floors in Harare.

Chinese Ambassador to Zimbabwe, Mr Xin Shunkang expressed his country’s commitment to continue partnering Zimbabwe in the tobacco sector as currently over 10 000 farmers are benefiting from the contract farming arrangement with the Chinese company.

“As China, we have a deliberate policy of supporting the land reform programme and we are in the tobacco sector to ensure its growth and viability,” said Ambassador Shunkang.

Foreign Affairs Minister, Cde Simbarashe Mumbengegwi hailed the deepening economic ties between Zimbabwe and China, saying Zimbabwe appreciates the support in the agricultural sector.

“We do appreciate the role played by China in our efforts to revive the economy. In the tobacco sector they are offering competitive prices for the contract farmers,” said Minister Mumbengegwi.

The delegation also visited the balancing rocks in Epworth and Chapungu Sculpture Village in Harare to appreciate the country’s diverse arts and tourism sectors.

Zimbabwe and China continue to cooperate in various spheres and also support each other on issues of mutual interests on the international front.