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(LUSAKATIMES) Chinese investment has helped to woo other investors- Dr Musokotwane

Zambia: Chinese investment has helped to woo other investors- Dr Musokotwane
April 16, 2010, 12:54

Finance and National Planning Minister Situmbeko Musokotwane says Chinese Investment in the country has helped the country attract other investors from bigger economies.
Dr. Musokotwane said most investors have decided to take an interest to invest in Zambia because of the Chinese investment.

He urged politicians to avoid politicizing Chinese investment because it is helping the country in bringing in more investment into the country. Dr Musokotwane said in an interview that Zambians should concentrate more on the benefits that come with Chinese investment other than the negatives.

He said China has continued to be the major financial lender to bigger economies adding that Zambia should be grateful for being part of the development.

The minister said Chinese investment has contributed to the growth of the Zambian economy which is highly commendable.

Dr Musokotwane added that what is even better is that China has shown interest in investing in many sectors of the Zambian economy.

Labels: CHINESE, FDI, NEOLIBERALISM, SITUMBEKO MUSOKOTWANE

posted by MrK @ 4:13 PM