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Zimbabwean businesses hope to benefit from China’s economic growth

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      China

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      Zimbabwean businesses hope to benefit from China’s economic growth

      2024-07-15 22:17 Last Updated At:07-16 00:27

      A leader of the Zimbabwean business community expressed expectations that businesses in his country will benefit from China's sustained economic growth and learn from its development model.

      In an exclusive interview with China Global Television Network (CGTN), Tapiwa Karoro, president of the Zimbabwe National Chamber of Commerce, the country's largest grouping of businesses, said he has been impressed to see the consistent growth of the Chinese GDP over the past decade.

      "That has seen them on a very exciting trajectory in terms of the economy. It's already number two, the second-largest economy in the world. What else have we seen out of China? I think rapid urbanization, the development of megacities. They undertook arguably one of the largest infrastructure projects in the world, the Belt and Road Initiative, and that's all obviously then seen them almost directly investing over 60 countries in one infrastructure project," Karoro said.

      He noted that there are many aspects of the Chinese development model the Zimbabwe could learn from, specifically from a private sector perspective.

      "Certainly I don't think that the growth that China has seen would happen if you had government on one end pushing policy in one direction and the private sector on the other end pushing in another direction. So I think if there's one lesson that we can learn, politics aside, is do we have all stakeholders moving in a clear, unified direction. Are we all clear as Zimbabweans about the agenda that we want to push? And I think that’s what China has been able to do," he said.

      Karoro also advocated for increased value addition within Africa and the promotion of value-added African products in the Chinese market to foster more sustainable and robust trade relationships going forward.

      "I would at least like to see the African-China trade relations you know being diversified from not just your commodities or raw commodities. I think we would like to see a lot more value addition being done in Africa. I think would like to see more of value-added products from Africa finding markets in China and I think the more robust the trade becomes the more sustainable the relationship will be going forward," the chamber president said.

      Zimbabwean businesses hope to benefit from China’s economic growth

      Zimbabwean businesses hope to benefit from China’s economic growth

      Russia said on Wednesday that its forces had taken control of one more settlement in Ukraine's Kharkiv region, while Ukraine, on the same day, reported striking Russian targets, according to their latest updates on the conflict.

      The Russian Ministry of Defense said that over the past 24 hours, its forces had seized the village of Zapadne on the western bank of the Oskil River, which used to form the front line between the Ukrainian and Russian armies.

      The ministry also said the Russian forces had successfully repelled Ukrainian counterattacks and launched offensives in the directions of Kharkiv, Avdiivka, Donetsk, Zaporozhye and Kherson.

      The air defense forces shot down 114 Ukrainian drones, and the Russian forces had continued to strike Ukrainian armed forces in the Kursk region, it said.

      On the same day, the General Staff of the Ukrainian Armed Forces reported that its forces had engaged in 67 battles on the frontline.

      The Ukrainian air force, missile forces and artillery units had struck targets such as Russian personnel, concentration areas of weapons and military equipment, command posts, depots and artillery systems, with the Ukrainian army continuing its operations in Russia's Kursk region, the Ukrainian side said.

      Russia seizes one more settlement in Ukraine's Kharkiv region, Ukraine strikes Russian targets

      Russia seizes one more settlement in Ukraine's Kharkiv region, Ukraine strikes Russian targets

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