presidents rg mugabe and hu jintao.jpgZimbabwe and China continue to cooperate on the economic front with Chinese and financial institutions being actively involved in the mining sector, the implementation of the mid-term plan and the construction industry.


This emerged from a high level meeting between Heads of State and Representatives of China National Development Bank and Affeck Construction Company held at the Convention Centre in Anuwi province.


Chinese financial institutions have expressed their willingness to work with the Zimbabwe government in the economic turn around programme but also appealed to the Zimbabwe government to offer licences to the investors.



President Mugabe said the Zimbabwe government fully appreciates the support by the Chinese National Development Bank and other financiers in support of growth strategies in the forthcoming medium term plan which is aimed at addressing the macro economic fundamentals that ensure economic growth and sustainability.


He said the China Exim Bank has been a key player in the economic revival programmes since 2006 when it availed the $200 million buyer and credit loan facility that was used in the procurement of inputs for the agricultural sector.


The support Zimbabwe has been receiving from the Chinese financial institution has been key in the recapitalisation of various sectors critical to economic development.

President Mugabe said Chinese investors are welcome to invest in the mining sector as already a Chinese company is in Chiadzwa working on a diamond exploration project.


Turning to the construction industry, Cde Mugabe expressed gratitude to the Chinese Company Affeck which has embarked on a project to construct the Zimbabwe Defence College in Mazoe district in Mashonaland Central province.


Two weeks ago the president attended the groundbreaking ceremony at the construction site.


Meanwhile, representatives of the financial institutions say they are willing to send representatives to set targets on the medium and long term plans on the economic turnaround of Zimbabwe.
China and Zimbabwe have enjoyed high level contacts and mutual trust and cooperation in various spheres.