President Lungu has hailed China for its support towards the country’s economic development.
President Lungu says China has rendered unwavering financial support in various social-economic sectors such as health, agriculture, tourism and trade among others which are all aimed at improving lives of the masses.
Mr. Lungu since called on China to continue investing in the different sectors of the economy as this will contribute towards the needed job creation in the country.
The Republican President has assured the vast Asian country that Zambia will continue to provide an enabling environment for the investments to flourish as government and its people holds China in high esteem.
The President said when the Visiting Chinese Councilor Wang Yong paid a courtesy call on him at State House.
President Lungu further said the various projects being undertaken between that country and Zambia such as the expansion of Levy Mwanawasa hospital will help to cement the warm relations between the two countries.
And Visiting Chinese State Councilor Wang Yong, said China remains committed towards uplifting the bilateral relations with Zambia to greater heights.
Mr. Yong commended Zambia towards the positive strides it has made towards maintaining peace and stability.
President Lungu and Mr. Yong also witnessed the signing of economic grants which were signed by Finance Minister Felix Mutati and Chinese Ambassador to Zambia Young Yuming respectively signed various grants.
The first economic grant was a 200 million yuan for the expansion of bed space at Levy Mwanawasa Hospital which will see it being turned into a teaching hospital and the establishment of milling plants in Lusaka, Monze and Mpika Districts, respectively.
The second grant was a 2017 economic grant worth 250 million Yuan towards the construction of an International Conference Centre for hosting of the African Union Summit to be held in 2022 and the establishment of milling plants.
The third document signed was a letter of intent towards construction of the Conference Centre.