China says Zimbabwe ‘looters list’ not ‘credible’

China has said that Zimbabwe’s “looters list” of people who owe the country money is not “credible”, the news site Times Live reports.


On Monday, the country’s president, Emmerson Mnangagwa, released the names of hundreds of companies and individuals who has failed to return $827m (£590m) illegally stashed abroad despite an amnesty.

After taking office last year Mr Mnangagwa gave individuals and companies 90 days to give up the funds but said on Monday that just $591m had been returned.

The list is divided into three categories, of which one is devoted to people who have moved money to China.

Speaking at a media conference in the Zimbabwean capital of Harare, Chinese embassy official Zhao Baogang rejected the list.

“Some of the things are not factual. They would have done better to investigate more and come up with a more credible list‚” he said.

“Some of those people and companies on the list have already regularised their issues with authorities.”

Mr Mnangagwa is expected to visit China in April, a country Zimbabwe has a good trade relationship with.

In 2016, trade between the two countries was worth $900 million though Zimbabwe allegedly owes Chinese banks more than $100 million.

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  1. The reason why the Chinese have commented in this manner is simply because the majority of them, in fact all the Chinese doing business in Zimbabwe have externalized, they were involved in gross corrupt dealings at alarming levels. It is therefore my hope that Government must listen to what the people say, arrogance has no place in a progressive Zimbabwe.
    I witnessed first hand, a year ago one Chinese fella sending 15 passports back to China via DHL, strange I thought! But it later hit me that more Chinese would come into Zimbabwe using the very same passports……. These guys also externalised their own passports. It is therefore imperative for ED to also focus on domestic issues rather than foreign investment at our expense, we have suffered for too long under Robert Mugabe and we are now pinning our hopes on ED. We need domestic relief, reduce fuel prices, electricity prices, the cost of health care, improve service delivery, arrest the corrupt!

  2. Pfuurayi Vamwevatongewo

    It may sound unfair on the Chinese, but the truth of the matter is that these people want to be untouchable. And from the little experience I have with them, they are downright corrupt. They have very little respect for the laws and the people of their host countries, and if ED’s govt dances to their tune, then this govt would’ve lost the fight against corruption from the word go. I pray that govt remains firm on treating the Chinese like any other foreign nationals. This “all-weather friends” portrayal of the Chinese will very definitely come to haunt Zimbabwe very soon in the near future. All Africa should beware the Chinese. Learn from America, they never trust the Chinese, much as they do roaring business with them.

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