You are currently viewing China to continue importing Zambia’s copper

China to continue importing Zambia’s copper

ALVIN CHIINGA, Lusaka
CHINESE Ambassador to Zambia Yang Youming has said despite the slump in commodity prices, his country will continue buying copper from Zambia to maintain the warm trade relations between the two countries.
And Mr Yang says China is ready to partner with Zambia to cushion the adverse impact of the power deficit that the country is facing.
Speaking on the ‘Burning Issue’ programme on 5FM radio yesterday, Mr Yang said the two countries have enjoyed robust and cordial bilateral relations for years now.
“China will not stop buying Zambia’s copper despite a slump in prices of the commodity at the world market. We are actually looking forward to a time when the world economy will stabilise,” Mr Yang said.
He said China is exploring ways of doubling its over US$3 billion investment portfolio in Zambia over the next 10 years.
He said China will train Zambians in construction and mining to enable them carry out projects in the two sectors without depending on Chinese expertise.
Mr Yang said there are 1,700 Zambian students training in education, technology and health in China.
He also said Zambia has great potential to develop renewable energy, especially solar energy, because of the huge amount of sunshine it has.
Mr Yang said China has a lot of experience in energy, ranging from traditional energy sources to high-tech energy sources.
He said energy investors are coming to Zambia.
Mr Yang commended the Zambian government for its commitment to fighting corruption, noting that China does not condone the vice.