Chinese group in Zimbabwe dismisses looting of resources

THE Chamber of Chinese Enterprises in Zimbabwe (CCEZ) has dismissed claims that the Chinese firms were looting Zimbabwean resources at the same time admitting that some of the Chinese firms are found wanting in terms of complying with the local laws.

CCEZ made the remarks in a statement released recently adding that the large number of Chinese businesses in many parts around the world enjoy amicable, symbiotic relationships with their host communities and produce positive community impacts as their local business grows.

"Chinese businesses have been investing in Zimbabwe in accordance with the country's laws and policies since Zimbabwe's independence, particularly  in recent  years in response to the mantra of Zimbabwe is open for Business," CCEZ said.

It said they have been a force for Zimbabwe's growth through win- win partnerships.

"They have made considerable contributions to Zimbabwe's economy, job creation and technological advance as they benefit from the favourable investment climate in the country," reads the statement.

"The firms' contribution has been helping Zimbabwe to stay connected to the global economy despite the illegal unilateral sanctions imposed by the western nations and their presence has made the sanctions less biting."

"The number of Chinese citizens in Zimbabwe including Chinese employees in local Chinese enterprises only add up to about 2000. Chinese businesses enter into cooperation with locals on the basis of mutual consent and equal footed consultation. They have never looted Zimbabwe's natural resources and will never become looters."

The organisation said Chinese businesses have their own legitimate rights and interests.

"As any functioning business runs, they need to stay alive by generating reasonable profits. This is business common sense followed by all companies in the world, irrespective of nationality, race, culture, ethics, and economic sectors. The Chinese business community is aware of the challenges arising from the environment they operate in," reads the statement.

"We do not deny that a few Chinese companies are found wanting in complying with local laws and regulations, corporate management and community relationships and more needs to be done for improvement. We sincerely welcome objective and fair criticism from the public and efforts by the government to handle issues in a lawful, fair and open manner.".

Centre for Natural Resource Governance (CNRG), founding Director Farai Maguwu said failure by the government to negotiate agreements that benefit the economy and local communitie worry the citizens most.