China rejects Mnangagwa's 'looters list'

China rejects Mnangagwa's 'looters list'
Published: 21 March 2018 (276 Views)
The People's Republic of China has downplayed a much hyped “looters list” published by Zimbabwean President Emmerson Mnangagwa.

Chinese mining companies and individuals who allegedly externalised more than $363-million were at the top of his list.

Speaking at a media conference in Harare on Tuesday‚ Zhao Baogang‚ from the Chinese Embassy to Zimbabwe‚ said the list was not accurate.

"Some of the things are not factual. They would have done better to investigate more and come up with a more credible list‚” he said. “Some of those people and companies on the list have already regularised their issues with authorities."

The list was released at a time when Harare had dispatched finance minister Patrick Chinamasa and Reserve Bank governor Dr John Mangudya to China to meet officials from the China-Exim Bank and Sinosure for a possible bailout.

Since coming to power‚ Mnangagwa is yet to visit China but he is expected to travel there in April.

"A date (visit) has already been set and preparations are under way. We fully support President Mnangagwa’s government and I can assure you more investors are coming‚” added Baogang.

By 2016‚ trade between Zimbabwe and China had reached $900-million with China importing tobacco worth more than $200-million‚ some of it through contract farming.

The Asian country also imports cotton from Zimbabwe and the majority of its trade with Zimbabwe is vested in the mining industry.

Zimbabwe‚ however‚ owes Chinese banks more than $100-million. As such‚ going forward‚ Baogang said for China to invest more in Zimbabwe there was need for policy clarity which was a hindering factor under President Robert Mugabe's rule.

- TimeLIVE

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

UK to support Zimbabwe clear its arrears

by Staff reporter | 18 September 2018 | 49 Views

Man guns down 3 family members

by Staff reporter | 18 September 2018 | 55 Views

Zimbabwe to continue using multicurrencies

by Staff reporter | 18 September 2018 | 46 Views

Mnangagwa says no to return of Zimdollar

by AFP | 18 September 2018 | 53 Views

Hiding in the comforts of Sweden: Paul Siwela pens a letter to Mnangagwa

by Nomazulu Thata | 18 September 2018 | 61 Views

MDC Alliance legislators walk out of Mnangagwa's address

by Staff Reporter | 18 September 2018 | 111 Views

Mnangagwa lays down legislative agenda

by Staff Reporter | 18 September 2018 | 98 Views

Zanu PF hijacks ZWMB

by Staff Reporter | 18 September 2018 | 89 Views

Schools should close shop to avert the cholera crisis

by ARTUZ | 18 September 2018 | 89 Views

Cholera: Harare City Council caught sleeping on the job

by Elijah Chihota | 18 September 2018 | 58 Views

Outrage over govt spending

by Staff reporter | 18 September 2018 | 59 Views

Teachers request ZIMSEC meeting

by Staff reporter | 18 September 2018 | 58 Views

Cholera death toll now 31

by Staff reporter | 18 September 2018 | 48 Views

Prophet Magaya on cholera fundraising

by Staff reporter | 18 September 2018 | 65 Views

Mthuli Ncube moves to stabilise forex markets

by Staff reporter | 18 September 2018 | 76 Views

Chamisa weighs option to contest Mutoko North by-election

by Staff reporter | 18 September 2018 | 62 Views

Zanu-PF expels 'rogue' party member

by Staff reporter | 18 September 2018 | 57 Views

Mutasa says, 'I'll never quit Dembare'

by Staf reporter | 18 September 2018 | 51 Views

Stench of sewage in cholera-hit Harare

by BBC | 18 September 2018 | 48 Views

Traffic cop in court over $5

by Simbarashe Sithole | 18 September 2018 | 58 Views

Dabengwa launches Jill Baker's book, The Thorns

by Stephen Jakes | 18 September 2018 | 125 Views

Bulawayo council now in hands of foreigners exposed to cholera- activist

by Stephen Jakes | 18 September 2018 | 133 Views

Teachers lives exposed to cholera - Majongwe

by Stephen Jakes | 18 September 2018 | 100 Views

Retired old cabinet to be in charge of directing government programmes

by Stephen Jakes | 18 September 2018 | 117 Views

9th Parliament opening - Live Update

by Staff Reporter | 18 September 2018 | 137 Views

Zimbabwe needs its billionaires back

by Simbarashe Sithole | 18 September 2018 | 110 Views

Mnangagwa on real economic test

by Sithabile Mafu | 18 September 2018 | 98 Views

Mnangagwa seems to be on track

by Staff reporter | 18 September 2018 | 156 Views

Mnangagwa must take a chance on Mthuli Ncube's ideas

by Staff reporter | 18 September 2018 | 148 Views

Stunner, Tytan are hospitalised

by Staff reporter | 18 September 2018 | 223 Views

Econet celebrates 20 years of ZSE listing

by Staff reporter | 18 September 2018 | 77 Views

Evening kick-off for DRC showdown

by Staff reporter | 18 September 2018 | 113 Views

Mnangagwa to deliver SONA, set agenda

by Staff reporter | 18 September 2018 | 90 Views