- Published on 11 October 2017
Zimbabwe should embrace China’s Belt and Road Initiative (BRI) as part of strategies to industrialise the country and create jobs, deputy Tourism minister Anastancia Ndhlovu has said.
The BRI, proposed by Chinese President Xi Jinping, aims to build an interconnected network of expressways, along with rail and logistics lines to link land and sea ports, special economic zones, industrial corridors and transportation hubs, from the Chinese mainland to Europe, Africa and other parts of Asia. Ndhlovu said the multi-billion dollar Chinese project represents huge business chances for Zimbabwe and other African countries. In the past three years, China has poured more than $50 billion into countries and regions participating in the initiative, setting up 56 economic and trade cooperation zones across more than $1 billion in tax revenues and create 180 000 jobs the nations involved. Last year China pledged an additional $144 billion for the initiative, including 100 billion yuan for China’s Silk Road Fund and 380 billion yuan in new lending for nations involved. Chinese Ambassador to Zimbabwe Huang Ping said there was need to redouble efforts to enlarge the cake of common interests, to further consolidate the foundation of bilateral friendship and secure sustainable growth between the two countries. (Dailynews)