Zim seeks budgetary support from China

HARARE - Patrick Chinamasa, Zimbabwe’s Finance minister,  is taking his begging bowl to China to seek budgetary support, the Daily News has heard.

This emerged after a meeting held between Information, Media and Broadcasting Services minister Jonathan Moyo and Chinese Ambassador to Zimbabwe, Lin Lin.

The Daily News understands Chinamasa will be travelling to China before he presents the 2014 national budget.

“Discussions over that visit are at an advanced stage with the minister (Moyo) emphasising the need for honourable Patrick Chinamasa to visit China for mobilising resources before he presents his national budget,” said a top government official who attended the closed door meeting held at Munhumutapa Building yesterday.

“Preparations for the visit are being facilitated by the ministry of Foreign Affairs.”

Chinamasa was unreachable for comment yesterday.

China has been one of Zimbabwe’s major trading partners with investment interests straddling all important sectors of the economy.

Moyo and the Chinese ambassador also discussed how the Asian giant could help State-owned Zimpapers to acquire a state-of-the-art printing press for its Bulawayo operations.

Lin Lin told journalists after a closed-door meeting that his country was ready to assist Zimbabwe’s media industry through acquisition of printing equipment and newsprint.

“I came to congratulate the minister on his appointment and to assure him that China is ready assist in the development of the media industry,” he said.

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Comments (8)

Ndoo pazvinogumira ipapo, he will definately return with his begging bowl as trust for him and his master is zilch...OOOOOOOOOOOOOOO

L. M. Makoni Nyati - 1 November 2013

kuChina vanopiwa asi maresources ese eZim anenge aenda ose neChina. which means Zim will become China's capital city. kkkkk

KUROJAIMHOSVA - 1 November 2013

I am keeping my fingers crossed so that he comes back from China empty handed like he did when he came back from IMF empty handed ! ! LOL vanhu ki ki ki ki ! ! !

Empty Handed - 1 November 2013

In exchange for budgetary support, you will have to give all your premium resources to China + you should use that money to buy chinese products and services.

Lt General - 1 November 2013

Minister Chinamasa and all his advisers are missing the point. Nyaya iri pakugadzirisa macroeconomic fundamentals kuti anake. Zimbabwe is not creditworthy at all. With the caliber of the sitting leadership in office, from the president right down to the grounds person. Even the so called friends will not risk. Imarika iyi. I do not want to wish my country Zimbabwe bad, far from it , but I just want to be candid and tell the truth. HAPANA CHAMUNONDOWANA VACHINAMASA. Kutamba nemari kukwira ndege. Mari yamaitokwanisa kutengera vanhu chikafu vari kufa nenzara. In 2007/2008 we experienced the worst, where was China our best friend? They started to feature prominently in our economy after the discovery of diamonds. What a friend!!!!!!. Panodzoka Minister Muchanzwa Herald yonyepa kuti tapiwa mari. Zimpapers haibudiriri nokuti they are liers. No sane business person would like to do advertising business with a lier or someone who always wants to side with or cover up for evil. Chokwadi chizhinji tinochiwana kuma private papers. Herald inovanza. Hatibudiriri tichidaro. Itai tione, ndimi muri kutonga.

valour museyamwa - 1 November 2013

tz high time 2 kneel down and pray 2 e ALMIGHTY JESUS CHRIST OF NAZARETH...he will give u fantabulous advice...read JOSEPH'S STORY IN DA HOLY BIBLE

Yahweh rulez - 1 November 2013

Minister Chinamasa needs to be advised that dancing the bump jive inoda wakguta..Why does he suddenly believe anyone on this planet will give him any loan when he has all this dirt on the statute books like shday indegenisation, unconcluded land reforms and a disputed election result..You see money is no longer western or eastern but international..the chinese have already convinced themselves that Zimbabwe is not an important part of their chessboard..all they will do is extract ridiculous concessions from him in the hope that he will save face and refuse..then its back to square one. The Chinese did not get to where they are by throwing money in all directions least of all at people who are caught in an endless wobble waddle, tastleless rhumba and soiled salsa..Stop wasting everyone's time and go the right thing: arrest corruption!!!

gutter poet - 2 November 2013

CHINA--Masa

zim1 - 2 November 2013

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