Zim-China🇨🇳 Trade Surplus Tops US$455m💰

  |   Zimbabwe News

Zimbabwe last year enjoyed a trade surplus of US$445 million with China, in a show of the positive upshots of the growing relations between Harare and Beijing.

China’s Ambassador to Zimbabwe, Ambassador Mr Gou Shaochun, said this in an exclusive interview with The Herald, revealing that he was eager to see more Chinese investors in Zimbabwe, particularly in the manufacturing sector, which is key to the country’s industrialisation and modernisation.

He said trade between Zimbabwe and China stood at US$1,3 billion in 2018, with Zimbabwe enjoying the larger share of exports.

“The statistics on trade between Zimbabwe and China in 2018 is US$1,3 billion, with China importing US$890 million worth of products and exporting US$445 million worth of products. It shows that Zimbabwe enjoys a US$445 million trade surplus by trading with China. These numbers are similar every year. China wishes to expand trade scale with Zimbabwe and help Zimbabwe reconstruct its economy,” Ambassador Guo said.

Following the elevation of cooperation between the two countries from all-weather friends to comprehensive strategic partnerships, Ambassador Gou said he was eager to see more Chinese investors in the key manufacturing sector.

“There is great potential to explore more possibilities to support Zimbabwe to recover its industry, particularly in the manufacturing sector, like paper making, food processing, textiles and car manufacturing. In this way, we can help Zimbabwe to save or even earn more foreign currency which is in high need at the moment,” he said.

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