(8 Sep 2015) Zimbabwe says it will increase exports to China in a bid to counter falling commodity prices brought on by a slowing Chinese economy.
Finance Minister Patrick Chinamasa said China is a great consumer of raw materials that Zimbabwe produces and that the slow down in China had naturally affected trade.
With Zimbabwe struggling to revive a near comatose economy that has seen many job losses as hundreds of companies fail, China has, for the last decade, emerged as the biggest trade partner to Zimbabwe.
Bilateral trade between the two countries exceeds a (b) billion US dollars annually.
Foreign direct investment from China is key to Zimbabwe. Chinese companies are spear heading the revival of the country's power sector as well as its crumbling road network, among others.
Zimbabwe says it doesn't expect foreign direct investment to be affected.
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