Tag: China

Zim’s Defence ministry, Chinese at loggerheads

Zim’s Defence ministry, Chinese at loggerheads

A rift has developed between the Ministry of Defence ministry and a Chinese investor over a multi-million dollar shopping mall after the army unilaterally used the property as collateral to secure a US15,8 million loan on behalf of a local communications service firm, the Zimbabwe Independent has learnt. Information at […]

China leads Zim towards recession

China leads Zim towards recession

THE contagion from China’s ongoing financial meltdown will likely drive Zimbabwe into a worse recession this year, experts warned this week, after Harare ill-advisedly adopted the yuan as a reserve currency this month. This comes as  the People’s Bank of China, the central bank, last Thursday devalued the yuan to 6.5646 […]

China deals: No quick joy, Mugabe warns

China deals: No quick joy, Mugabe warns

ZIMBABWEANS struggling in a faltering economy should not expect immediate relief from the deals the country recently concluded with China, President Robert Mugabe has warned. The veteran leader recently played host to Chinese leader President Xi Jinping and, according to state media, signed 10 investment deals with more than US$1 […]

Xi’s African tour highlights China’s expanding security role

Xi’s African tour highlights China’s expanding security role

TO see China’s evolving foreign policy, look to Africa, where a desire to protect economic investment is leading to a revision of the country’s hands-off approach to the internal affairs of other nations. Chinese President Xi Jinping begins a five-day African visit on Tuesday that he’ll use to showcase China’s […]