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Negotiate better deals with China — PM


Zimbabwe should negotiate better deals with China if it is to benefit from the abundant natural resources in the country, senior government officials have said.

Prime Minister Morgan Tsvangirai last week told Chinese Foreign minister Yang Jiechi
that China must invest in the country on “a win-win basis” that also benefits the people of Zimbabwe.

The Prime Minister said there were investment opportunities in infrastructure, energy and mining sectors, adding that these investments must be transparent to benefit the ordinary person.

Prime Minister Tsvangirai said the inclusive government was still in office to ensure economic and political stability and promote investment in the country.

“In the meantime, the inclusive government remains in place to ensure that the economy continues to improve so that we attract investment into the country,” said Tsvangirai.

The Chinese Foreign minister was in the country last week on his five-nation tour of African countries.

Deputy Prime Minister Arthur Mutambara told delegates attending a London Stock Exchange symposium last week that the country should ensure it benefited from its natural resources.

“There is a need for us as a country to negotiate a better deal with China,” he said.

“Zimbabwe should not export raw materials but China should set up firms here so that we process our raw materials.

“We should be able to make jewellery locally,” said Mutambara.

Jiechi said Zimbabwe is an important ally to China and Beijing will seek to further strengthen ties.

Jiechi said China wanted to enhance ties in sectors including infrastructure, mining and agriculture, with President Robert Mugabe telling reporters he
wanted “cooperation to intensify”.

“The relationship is in very good shape,” Jiech said.

Economic Planning and Investment Promotion minister Tapiwa Mashakada last month announced intentions by the Development Bank of China to invest $10 billion in the country’s economy across various sectors within the next few years.

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