China urges govt to tackle high-level corruption


ZIMBABWE’S all-weather friend China yesterday said the government’s economic blueprint ZimAsset could only bear fruit if government dealt effectively with the scourge of corruption.


Industrial Commercial Bank of China chief executive officer Wang Wenbin yesterday told MPs during a ZimAsset workshop at a Harare hotel that China managed to become the world’s largest growing economy with a 7,7% growth rate after it launched an effective anti-corruption campaign targeting both “tigers and flies”.

“We had a nationwide anti-corruption movement targeting both the tigers and flies and ministers were investigated, and some of them are already in jail for corruption,” Wang said. “You cannot make an economy grow to higher levels without tackling corruption.”

Wang said Chinese investments worldwide amounted to $21 billion in Africa alone and $532 billion in the world while foreign direct investment (FDI) to Zimbabwe was $400 million in 2012.

Ding Younghya of China Railway Construction Corporation said FDI should be encouraged by bringing down tariff barriers and providing preferential policies and incentives.

Former Norwegian Deputy Finance minister and adviser to the Oil for Development Programme (Norway) Vidar Ovesen said: “The Norway SWF (Sovereign Wealth Fund) was managed with a high level of transparency and citizens had a right to know how government resources and revenue were managed and right now the SWF has a value of $850 billion, which translates to $170 000 per person.”

Ovesen said when the Zimbabwean Parliament crafts its SWF Bill, it should ensure that politicians do not interfere in the day-to-day management of the fund and promote accountability in use of natural resources.

Speaking at the same event, Deputy Finance minister Samuel Undenge said in order to attract FDI, the country’s Look East Policy would be strengthened, Islamic bonds invited while natural resources, taxes and Diaspora remittances would be harnessed. “The ZimAsset projected growth rate of the economy is 6,1% in 2014; 6,4% in 2015; 6,5% in 2016; 7,9% in 2017; 9,9% in 2018 and the average envisaged growth rate for the five-year period is 7,3%,” he said.


  1. Call Natural Herbs Consultant ON 0737286007
    Now in stock are natural herbs for
    Sperm count, infertility, impotence,Asma
    , STIs etc. Maintaining general Health & hormonal imbalance,
    Inflammation, increase immunity
    Ability, Infertility, sperm count, erectile issue and early ejaculation.
    1. They are natural and hence no side effects.
    2. They can be taken at any time (meaning no time table)

    ALL HERBS COMES FROM MALAWI AND HAS NO SIDE EFFECTS. 100% money back guaranteed if fails to produce results. FREE DELIVERY AROUND HARARE AND OUT SIDE HARARE WE CAN SEND THROUGH SWIFT. Product cost starting from $15……GET TREATED TODAY!!!!!

  2. I’m much delighted as the Chinese themselves are now telling our corrupt people what 2 do inorder 2 curb corruption. Its a disgrace 2 those shameless and heartless bosses who loot every cent from our government in the name of Politics.Its an eye opener as the Chinese had baldly called a spade a spade,so beware u corrupt ministers and everyone who is corrupt.

  3. maintenance solutions- painting, ceilings new & repairs, gutters new & repairs, waterproofing, roof leaks, roof valley, roof coating, fireplaces designing. get it done. 0775 553 513

  4. Cole . I can see what your saying… Timothy `s storry is really great, I just purchased a top of the range Mazda since getting a cheque for $7023 this last five weeks and-just over, ten grand this past-month . without a doubt it is the most-financialy rewarding I’ve had . I started this 10-months ago and practically straight away began to make at least $71… per-hr . see this..>>>. w­ww.b­ay92.cℴ­m

  5. Newsday can you please find a way to get rid of these trolls from spamming your comment section.. We are sick and tired,

  6. Now, what’s going to happen to us now that our erstwhile friends have told us diplomatically that they’ve had enough of us?
    It just speaks volumes.

Comments are closed.