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Zimbabwe: China Demands Property Rights

Gagare, Owen
http://allafrica.com/stories/201701130850.html

Publisher:  AllAfrica
Date Written:  13/01/2017
Year Published:  2017  
Resource Type:  Article

China this week urged the Zimbabwean government to respect property rights, address concerns over policy inconsistency and clarify its indigenisation policy to attract investment into the country.

Abstract: 
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Excerpt:

Despite Zimbabwe and China signing a number of mega deals including the Kariba South Power Extension project, relations between the two countries took a dip last year after government forced all diamond miners in Chiadzwa to cease operations. The companies were forcibly moved without securing their equipment.
Government, through the Ministry of Mines and Mining Development, then merged all mining companies into the Zimbabwe Consolidated Diamond Company (ZCDC) where it has majority shareholding.
Chinese companies Anjin and Jinan were affected by the merger, angering authorities from the Asian nation, who view the move as an assault on property rights and a violation of the investment agreement the companies had with government.

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