Chinese Premier Li Qiang will visit Zambia, marking the first trip by a Chinese premier in 28 years as the country emerges from its financial crisis. The visit underscores China's intent to deepen its presence in the copper-rich nation, which owes Beijing 5.7 billion dollars. China aims to access Zambian commodities and expand its export market for goods like tractors and construction equipment.
This engagement occurs as Western nations also seek influence. The United States and the European Union are promoting alternative investment partnerships, including the Lobito Corridor, while China is refurbishing the Tazara Railway. The Zambian government is pursuing fresh investment for its mining and infrastructure sectors. Chinese companies have invested approximately six billion dollars in Zambia over the last two decades, primarily in the metals industry.
This engagement occurs as Western nations also seek influence. The United States and the European Union are promoting alternative investment partnerships, including the Lobito Corridor, while China is refurbishing the Tazara Railway. The Zambian government is pursuing fresh investment for its mining and infrastructure sectors. Chinese companies have invested approximately six billion dollars in Zambia over the last two decades, primarily in the metals industry.
