Skip to main content

China-Zambia friendship solid: Zambian business association

Abstract : Chinese firms have maintained jobs for Zambians during COVID-19, a sign of strengthened friendship between the two nationalities, a business association has said.

MUFULIRA, Zambia, Oct. 29 (Xinhua) — Chinese firms have maintained jobs for Zambians during COVID-19, a sign of strengthened friendship between the two nationalities, a business association has said.

Albert Miti, committee member for Mufulira District Business Association, applauded the Chinese investors in Zambia, particularly in Mufulira for marinating jobs for Zambians despite having been affected by COVID-19.

“Since COVID-19 broke out we have never heard of any of the Chinese investors cut off labour in view of the outbreak, the companies have, however, strictly adhered to COVID-19 preventive measures for their workers including their families,” said Miti

He also observed that the Chinese enterprises have also not reduced salaries for their workers.

“While some companies have cut off their labour force and even reduced salaries for the remaining workers, this has not been the case with Chinese owned firms,” he said.

Miti said Zambians are happy that Chinese-owned companies have been committed to creating jobs for Zambians.

And a local entrepreneur Patrick Mahongo said despite Chinese creating jobs for the local people they were also committed in helping small scale farmers in Mufulira district and surrounding areas.

“Chinese firms, have been consistent in helping our small scale farmers, they have clearly shown that they are not just interested in making profits,” said Mahongo.

According to Mahongo, Chinese nationalities, apart from supporting agriculture, have gone further in helping Zambian youths in skills training adding that this has helped improve young people’s lives economically and socially.

“This bilateral relationship should continue, because it has benefited Zambians in many areas from job creation to skills training among other developmental issues,” he said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China-Zambia friendship solid: Zambian business association

Comments

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...