Zimbabwean Foreign Affairs and International Trade Minister Sibusiso Moyo said that Zimbabwe\u2019s cooperation with China has always been a win-win and one of mutual trust.<\/p>\n
He said that Zimbabwe\u2019s geographical location in southern Africa, combined with the support of the Chinese government, its financial institutions and companies in funding roads, rail, energy, telecommunications, and many other projects, presents vast opportunities for being a regional hub and a strategic partner under the Belt and Road Initiative.<\/p>\n
Despite accusations that China\u2019s infrastructure financing under the BRI is pushing countries involved in the initiative into a \u201cdebt trap\u201d, Moyo said that in any cooperation framework, including the BRI, it is important that countries identify and adopt appropriate financing models that limit exposure to debt.<\/p>\n
\u201cIt should also be noted that the issue of debt sustainability is a sovereign issue, which should not be a concern to other countries. Our cooperation with China is and has always been on the basis of win-win and mutual trust,\u201d he said.<\/p>\n
He added that Zimbabwe would also like to draw lessons from China\u2019s experience of achieving rapid economic growth and prosperity, and the \u201cunparalleled feat\u201d has resulted in millions of people being lifted up from poverty.<\/p>\n
\u201cThe Chinese success story is an illustration of a combination of coordinated strategic planning, effective management and implementation, hard work, discipline and perseverance that must be emulated,\u201d he said.<\/p>\n
Over 80 African ministerial-level officials from 53 countries are in Beijing attending the Coordinators\u2019 Meeting on the Implementation of the Follow-up Actions of the Beijing Summit of the Forum on China-Africa Cooperation that began Monday and ends Tuesday.<\/p>\n
\u201cWe hail FOCAC (the forum) for establishing a platform that continually reviews its implementation mechanism and also note with satisfaction the commendable progress made so far,\u201d he said.<\/p>\n
He said forum members desire to ensure that the agreed Beijing Action Plan of 2019-2021 is implemented in pursuit of mutually beneficial cooperation. In light of this, these meetings are important as they give further impetus to that progress.<\/p>\n
He added that the trend towards unilateralism and protectionism by some countries in the world goes against the grain of multilateralism, which is widely accepted in international discourse.<\/p>\n
\u201cZimbabwe stands firmly against such tendencies and embraces President Xi Jinping\u2019s vision of a community with a shared future for mankind,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Zimbabwean Foreign Affairs and International Trade Minister Sibusiso Moyo said that Zimbabwe\u2019s cooperation with China has always been a win-win and one of mutual trust. He said that Zimbabwe\u2019s geographical location in southern Africa, combined with the support of the Chinese government, its financial institutions and companies in funding roads, rail, energy, telecommunications, and many […]<\/p>\n","protected":false},"author":84,"featured_media":10552,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[471,376,380,395],"class_list":{"0":"post-10551","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-china","10":"tag-debt","11":"tag-moyo","12":"tag-presidency"},"yoast_head":"\n