From New Zimbabwe.
Zimbabwe has asked China to help rebuild its potholed roads and fix its rail system, near collapse after years of neglect and underinvestment following the country’s economic crisis in the last decade, according to a report in New Zimbabwe.
But peace and stability are prerequisites for economic development, Chinese Vice Premier Wang Yan told reporters during a visit to Harare.
“We are keen to have Chinese investors in our fledgling economy, albeit on a win-win basis,” Zimbabwe Prime Minister Morgan Tsvangirai said Wednesday at a meeting with the Chinese leader.
Tsvangirai assured Wang that Zimbabwe would respect property rights, an area of concern among investors as the country implements its indigenization program, according to the report.
“On our part, we pledge to respect property rights as part of the many rights that are now protected by our new constitution which Zimbabweans recently endorsed overwhelmingly,” Tsvangirai said in New Zimbabwe. Investments from China will help improve livelihoods of the people of Zimbabwe, he added.
The Chinese leader said the government must ensure peace and political stability ahead of elections this year to safeguard economic growth.
Elections are planned later this year that will end Tsvangirai’s coalition government formed four years ago with President Robert Mugabe. Tsvangirai and his Movement for Democratic Change hope to become the ruling party.
Read more at New Zimbabwe.