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Zimbabwe seeks deeper business ties with China

By XU WEI | chinadaily.com.cn | Updated: 2024-03-13 15:51

Martin Chedondo

Zimbabwe is looking to open a new frontier for cooperation with China in the financial and capital market sector, the nation's top envoy to China said, highlighting the immense potential between the two nations in further deepening their pragmatic cooperation.

"We should send the message to financial institutions and fund managers in China that there are more investment opportunities in Zimbabwe that are beckoning," Zimbabwean Ambassador to China Martin Chedondo told a gathering of business leaders in Beijing on Tuesday.

Chedondo said cooperation between the two countries "has been growing in leaps and bounds", highlighting the presence of Chinese companies in sectors such as mining, manufacturing, agriculture, and construction.

Trade between the two nations reached a total volume of $3.1 billion in 2023, up by 29.9 percent year-on-year, according to China's General Administration of Customs.

The Zimbabwean envoy stressed the strong political relations between both nations, saying that both sides have always supported each other's core interests.

The African nation has remained steadfast in adhering to the one-China principle, and will continue to support the major initiatives proposed by China, including the Belt and Road Initiative, the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative, he said.

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