Zimbabwe: China Makes $220 Million Move

CHINA yesterday became the first global power to offer financial support to President Emmerson Mnangagwa's new administration, unveiling US$218 million in grants and loans and committing more funding as the international community starts to engage with a post-Mugabe Zimbabwe.

Announcing the deal, Zimbabwe's Finance and Economic Planning Minister Patrick Chinamasa signaled that the country's new administration, led by the sinophile Mnangagwa, was looking to pursue a China-inspired economic development plan.

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