Allan Ncube a freelance socio economic analyst.
Initially, most people used to think that the Chinese are bad investment partners. They come to loot the resources and leave nothing to a host nation.
AL Jazeera showed us the other side of the coin, on why the Chinese in Zimbabwe are like that.
A comparison of how the Chinese have done business in other countries can show you that with proper policies the Chinese can develop a country.
Statistics in Rwanda show that the roads built by Chinese firms in that country account for up to 70 percent of the total mileage of national roads. In July 2018, the Rwandan government and the Chinese government signed multiple agreements on bilateral cooperation in the Belt and Road Initiative (BRI). Rwanda is prospering from partnership with the Chinese.
Zambia also made bilateral relations with China and gave them the copper, their parastals and many public firms in exchange for road, stadiums, mall and airports construction.
The construction of malls in Zambia made many South African retailers to move to Zambia and this strengthened the Kwacha. Demand for Kwacha increased.
Whats the difference between Chinese investment in Zimbabwe, Zambia and Rwanda?
In Zambia and Rwanda, the deals with the Chinese were made between government to government and they bring prosperity to the nation but in Zimbabwe deals are made between individuals so then those individuals have no obligation to develop the country.
It’s all about the gold mafia facilitating for Mr Stanley to bring his money and clean it Zimbabwe using our natural resources.
The mafia benefits, Mr Stanley takes his investment back to China, the man in Mbare is left complaining that bread now costs 10 000 bond.
source: Allan Ncube a freelance socio economic analyst.
