We are 40 years behind China
Zimbabwe is currently experiencing the same turbulence and implementing similar reforms to that for what the Chinese went through 40 years ago President Emmerson Mnangagwa has said.
Speaking at a meeting with Chinese government officials and business leaders in Harare on Tuesday, Mnangagwa said Zimbabwe is going through a raft of economic reforms similar to what China went through four decades ago.
China is now the second biggest economy in the world.
“My administration is going through a raft of economic reforms which the Peoples Republic of China undertook forty years ago,” Mnangagwa said.
“In this task and vision which we are following we are inspired by the perception and vision by his Excellency President Xi Jinping on the Belt and Road Initiative making Zimbabwe land linked rather than land locked therefore my administration is enthusiastically participating in the Forum on China-Africa Cooperation where the People’s Republic of China is providing USD$60 billion to Africa for us to develop our respective economies to talk to the philosophy of the Belt and Road Initiative.”
Government is currently implementing austerity measures to spur economic growth but the economy has been hard hit leading to inflation, fuel shortages among other challenges.