PRESIDENT Edgar Edgar Lungu says he is glad that Zambia has started benefitting from the $60 billion offered by Chinese President Xi Jinping to African countries. President Lungu said this during a ground-breaking ceremony of Jianxi United Industrial in Chibombo district in Central Province yesterday. The Head of Sate explained that the ceremony he graced was a curtain raiser to Jianxi United Industrial’s intention to establish a multi-facility Economic Zone or Industrial Park.
“This development is as a result of our visit to China where we attended the 2018 Forum for China Africa Cooperation (FOCAC) summit. I wish to note that during the FOCAC summit held in Beijing in September this year, his excellency, Mr Xi Jinping, President of the Peoples’ Republic of China pledged US$60 billion towards the successful implementation of the FOCAC framework,” President Lungu said.
“Since this FOCAC pronouncement was made, I am glad to note that our country has started benefiting from this package, as can be seen from a new set of projects being implemented in Zambia within the FOCAC framework.”
President Lungu said during his trip to China, the Zambian delegation visited Jiangxi Province where they participated in the business forum organised by the provincial administration of Jiangxi.
“It is indeed a great mark of achievement to see that it’s not long ago that we visited China, but we are already witnessing the fruits of our visit. This is an indication of the importance that The Peoples Republic of China attaches to the bilateral cooperation with Zambia,” President Lungu said.
The President expressed gratitude to the Provincial administration of Jiangxi Province for facilitating the business forum in Jiangxi on the sidelines of FOCAC, and ensuring that the commitment to invest by the Jiangxi United lndustries Development Limited was actualised.