(3 minutes read) (Global)
Zambia’s president Hakainde Hichilema was hosted by his Chinese counterpart President Xi Jinping on Friday, 15, September and the two leaders held talks at the Great Hall of The People in Beijing.
A joint statement issued said that the two leaders had an in-depth exchange of views on China-Zambia relations, China-Africa relations, and international and regional issues of mutual interest. Both leaders reached an extensive and important consensus. It was pointed out that the TAZARA railway line is a symbol of the friendship between China and Africa.
Xi and Hichilema announced they’d elevate the China-Zambia relations to a comprehensive strategic cooperative partnership and agreed to establish an investment cooperation working group mechanism to promote investment cooperation in areas including digital economy and green development.
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Both sides also resolved to strengthen the development of economic cooperation zones and support the upgrading of those economic cooperation zones in Zambia into industrial chain and supply chain cooperation demonstration zones. The Chinese side committed to supporting Zambia’s investment promotion activities in China for the relevant zones.
Xi and Hichilema also agreed to designate 2024 as the Year of Business Cooperation. The Zambian President will end his China tour on the 16th of September. The visit assumed importance against the backdrop of massive financial problems being faced by Zambia in recent times. That forced the Southern African country to default the sovereign financial commitments, thereby becoming the first country in Africa to do so.
