Chinese President Xi Jinping arrives in Harare
But Chinese investment in Africa fell by more than 40 percent in the first half of 2015 due to its reduced demand for commodities such as oil, iron ore and copper.
Scores of school children from as far as Chitungwiza’s St Marys’ high school and Harare’s Girls high were bussed to the Harare worldwide Airport to welcome the Chinese leader.
China is Africa’s largest trade partner.
The president arrived on an Air China jet with wife Peng Liyuan and an entourage of journalists and officials.
Xi said the traditional friendship between the two countries was forged during the two countries’ anti-imperialism, anti-colonialism and anti-hegemony wars.
They said the visit confirmed the solidification of relations between Harare and Beijing. “They know the Mugabe-led regime does absolutely nothing about corruption”, Gutu said.
The summit is expected to adopt a declaration and action plan outlining measures aimed at consolidating China-Africa relations.
“As a trade union or workers we have not seen much from the Chinese colleagues”.
According to an Executive Mansion release, the Summit, which is being held under the theme, “Africa-China Progressing Together: Win-Win Cooperation for Common Development”, marks the first time that African and Chinese leaders will meet in Africa to look at ways of deepening cooperation.
In its efforts for economic revival, Zimbabwe is seeking more value-added industries, such as the processing of raw materials in the country, he said. One such event was a round-table meeting, jointly hosted by Independent Media and China Public Diplomacy Association.
“It is only in the past six or seven years that we have started economic relationship and as we speak, the Chinese investors are becoming quite strong in terms of their investments in Zimbabwe”.
With these new projects, the Chinese leader is set to erase any doubts about whether a slowing Chinese economy would continue to provide major support for the continent’s development and about how China’s relations with Africa will evolve in the future.
Finance and Economic Development told parliamentarians early November that Chinese institutions would soon release 1.1 billion dollars for the expansion of the power station. As you are aware, China is also funding the expansion of the Kariba South which when complete in 2018 will add another 300MW.
Africa possessed plenty of potentially renewable energy sources such as hydro power, geothermal, biomass, solar and wind energy and these presented huge investment opportunities for China, Denton said. “We are exploring new models for financing”, he said.
A report released by the Foundation last month outlines that although this new goal is challenging, it is “both attainable and imperative”.
Xi Jinping’s highly anticipated visit to Zimbabwe is already yielding benefits for the southern African country. We have also benefitted in the tobacco sector which has been revived with over 800million going into Zimbabwe pockets.
“We should never forget the exploits of our national heroes”.
Facing pushback at home, President Barack Obama said Sunday that American leadership was helping make gains in the global fight against climate change as he tried to reassure world leaders assembling for a historic…
Thousands of people in Harare, Zimbabwe, have lined roads to welcomed Chinese president Xi Jinping.