Che Jun, head of the delegation, said that the main purpose of their trip to Tianjin was to investigate investment opportunities and help Zimbabwe's economy realize industrialization at an early date.
He said that Zhejiang Province has always been keen on investing in Zimbabwe and regards it as the province's meaningful participation in the Belt and Road Initiative.
In 20 17, the trade volume between Zhejiang and Zimbabwe was1600,000 USD, accounting for 12% of the total trade volume between China and Zimbabwe.
Munodawafa, Commercial Secretary of Zimbabwe's Ministry of Mines and Energy, said in an interview with Xinhua News Agency that the steel plant project will also include the construction of a 600 MW coal-fired power station to ensure the power supply required by the steel plant to maintain normal production.
"The project will be led by Afrochine, a branch of China Qingshan Company in Zimbabwe, and the feasibility study will be officially launched on July 1 day. Afrochine has started to produce ferrochrome in Zimbabwe. "
"We expect that the steel mill will create 3,000 jobs for Zimbabwe, with an annual output of 2 million tons of steel and a production cycle of 25 years."
"Qingshan Group is one of the top five stainless steel producers in the world, and we believe this company is our ideal partner."
In addition, at the opening ceremony of the China-Mnanagawa Business Forum, the President also invited more China investors to develop business opportunities in Zimbabwe, and invited China financial institutions to settle in Zimbabwe, providing low-interest loans to local enterprises and contributing to Zimbabwe's economic recovery.