Zim seeks budgetary support from China

via Zim seeks budgetary support from China – DailyNews Live by Xolisani Ncube  1 NOVEMBER 2013

Patrick Chinamasa, Zimbabwe’s Finance minister,  is taking his begging bowl to China to seek budgetary support, the Daily News has heard.

This emerged after a meeting held between Information, Media and Broadcasting Services minister Jonathan Moyo and Chinese Ambassador to Zimbabwe, Lin Lin.

The Daily News understands Chinamasa will be travelling to China before he presents the 2014 national budget.

“Discussions over that visit are at an advanced stage with the minister (Moyo) emphasising the need for honourable Patrick Chinamasa to visit China for mobilising resources before he presents his national budget,” said a top government official who attended the closed door meeting held at Munhumutapa Building yesterday.

“Preparations for the visit are being facilitated by the ministry of Foreign Affairs.”

Chinamasa was unreachable for comment yesterday.

China has been one of Zimbabwe’s major trading partners with investment interests straddling all important sectors of the economy.

Moyo and the Chinese ambassador also discussed how the Asian giant could help State-owned Zimpapers to acquire a state-of-the-art printing press for its Bulawayo operations.

Lin Lin told journalists after a closed-door meeting that his country was ready to assist Zimbabwe’s media industry through acquisition of printing equipment and newsprint.

“I came to congratulate the minister on his appointment and to assure him that China is ready assist in the development of the media industry,” he said.



  • comment-avatar

    Zanu puppets selling out to yellow devil masters. Why we bankrupt and mortgaging our grandchildren legacy to these new racist thieving colonialists

    • comment-avatar

      Bravo. I could not have said it better.

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      BossMyass 9 years ago

      The government finances are in paralysis state at the present moment. Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor confidence in the country, paralysed production, prompted international sanctions and scared off tourists.Well, the Chinese may bail them out, but that will come with a price.We have been economically impoverished, our health care destroyed and freedom of choice and association curtailed as a result of these same politicians’ policies.In the Africa Report we were ranked 49th out of 53 nations on gross domestic product per head.

      • comment-avatar
        Norman 9 years ago

        Are u saying mugabe’s taking of land was wrong? And if ur answer is yes please tell us what u would have done to address the land issue.

  • comment-avatar

    This is easy…send them a shipload of dogs, with some ivory and rhino horn and they may give you China. Scum of the earth!

  • comment-avatar
    Jogo Bonita 9 years ago

    Zim’s new very racist colonisers.

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    Mendy 9 years ago

    It is curious that under the guise of the media reform they seek hi-tech state of the art printing machines so that the Minister of Finance can begin to print the Zim dollar so Zanu-PF can balance the upcoming 2014 budget. Hyper inflation hear we go again.