President Hakainde Hichilema on Friday held talks with Chinese Ambassador to Zambia Mr Li Jie at the Community House.
The talks mainly centered on trade and investment opportunities and Chinese government’s support to Zambia in the fight against Covid-19.
He said the discussion also touched on other pertinent matters of debt and economic restructuring for the benefit of the two nations.
“Zambia and China have held hands together since the time of our country’s late Founding Father, President Kenneth David Kaunda,” President Hichilema said.
The Head of State said his administration will build on that legacy with much focus on trade and investment opportunities in areas such as Agriculture, Tourism, Mining and value addition.
“We are optimistic that such conversations will lead to a paradigm shift from borrowing for consumption to borrowing for investment while encouraging joint ventures.”
He added, “For us, 2022 is the year that we have set as a foundation to lay down our economic implementation programme. We are certain that together, we shall turn around the economy.”
“May God bless the two Nations; Zambia and China.
Hahahaha…after sidelining them for almost five months…Iam sure he saw the building that is been done at parliament ….Most of the infrastructure in the country have been built by China… America and UK are looters they can never to what China has done for Zambia…You can negotiate with China..
America and UK kaya…is to steal kill and destroy look at Libya, Zimbabwe, Iraqi, etc
HEHH has an upper hand against China in investmet negotiations , unlike the compromised paid out PF………
He must insist on China moving some production to zambia, like chitenges and other cloths sold in zambia……..
As a proud Luapula man, I can’t forget the two bridges constructed by the Chinese Mukuku and Chembe Levy Mwanawasa bridge.
“We are optimistic that such conversations will lead to a paradigm shift from borrowing for consumption to borrowing for investment while encouraging joint ventures.” – MOST OF THE BORROWING FROM CHINA HAS BEEN FOR INVESTMENT.
The IMF money, on the other hand, is PURELY CONSUMPTION.
#4 NIPNAK
January 8, 2022 At 11:35 am
“– MOST OF THE BORROWING FROM CHINA HAS BEEN FOR INVESTMENT.
The IMF money, on the other hand, is PURELY CONSUMPTION…”
Investment that highly favours China.
Most sober leaders refuse the kind of terms China used in zambia for the so called investment………..
It should be called the hijack of zambia by china , not investment……..
He now realises that those basungu won’t help him so he running to our Chinese friends who he criticised
At least the man went there prepared with a note book unlike LAZY LUNGU who would just sit there and nurse his hangover!!
And what is Community House???
Go ask your t0nga mother what community house is
Bally is ready to do business with any country as long as it’s a straight deal and not
Cuts and inflating quotes. nothing wrong to do business with china.
ECL and the PF basically sold Zambia to China.Strategic national assets have chinese funds pumped into them.
HH and the UPND are trapped in this situation of PF debt to China and have to manage it carefully.
Djibouti,Uganda and Sri Lanka ended up loosing national assets to the Chinese after defaulting on their loans.
I honestly would want to applaud HH for slowly and reluctantly realizing that not everything that the “thieving PF” government did was wrong. They did a good number of things well and in the interest of the country, whilst acknowledging that a few things were a mess. So I urge HH to use his intelligence to sieve through and pick useful and important policies. To see HH talk to the Chinese is a good thing. I encourage all those who have been criticizing HH for his mistakes to once applaud him for this move. When he does something as good as this please let us give him a pat on his back. This is the only way we will encourage him to do more and build this country. It will also make our criticism of him look objective, relevant and mature. It is Zambia at stake here. If HH does not succeed…
The Chinese put up with African’s and Zambians because they want their raw materials.
As a black man the most racist people I have ever come across are Asians. They use the most derogatory names when referring to us.
When the Chinese say they are giving you “soft” loans its in the hope that you would default, then when you eventually do, they come in and take your valued asset’s. They are predatory. Look at Djibouti, Uganda and Sri Lanka. Be very of people who say, “we come bearing gifts”.
Zambia was on the verge of becoming a Province of China.
I think the President has worked out that the Chinese are in your country for what they can get, run Zambia by stealth, they are not there for what is in the best interest of Zambia.
Be very wary my friends
The notable difference between the “Eastern (i.e China) and Western (Europe and USA)” when engaged in development programs is that one sees the handwork of where Eastern aid/cooperation has been applied as opposed to imagined output by Western support! As @ Moto, the President is ready to engage in business with anyone so long the result is a win win and at best with more of the benefit skewed towards the nation. There is nothing sinister in doing business with the Chinese but one has to be well versed with what they would be looking for when starting negotiations.
Step in the right direction. Lets us balance up our relations between East and West. West and their human rights issues – are pretenders while China needs close monitoring for quality.
Sata once remarked : ” My Chinese are better than RB’s Chinese ” Keep it up Mr President…..!!!
@ 8 KZ. It is 2022 and you are still a tribalist.
There’s nothing sweeter than Chinese money