ZANU PF Slams Economist Eddie Cross for Allegations Against Chinese Investment in Zimbabwe

ZANU PF has lambasted economist Eddie Cross for his claims regarding Chinese nationals exploiting Zimbabwe’s resources.

Cross recently suggested that over 85,000 Chinese reside in Zimbabwe, aiming to strip the country of its minerals before returning home.

He accused the Chinese of shifting environmentally harmful industries to Africa, exploiting the continent’s wealth while dodging home regulations.

Cross pointed to the Marange diamond fields, alleging that since 2008, $30 billion worth of diamonds has only enriched Chinese investors and ex-military generals.

ZANU PF’s Director of Information, Farai Marapira, dismissed these claims as xenophobic, defending the government’s open door policy for investors.

Marapira criticized Cross’s assertions as baseless, emphasizing that the actual number of Chinese in the mining sector is significantly lower.

He warned against economic commentators like Cross who he believes are attempting to sabotage Zimbabwe’s economic development.

Marapira challenged Cross to substantiate his figures, especially the claim of $30 billion from Marange diamonds and vast chrome deposits.

The ZANU PF spokesperson underscored the importance of welcoming all investors, rejecting the notion of fostering xenophobic sentiments.

Critics of Chinese investment in Zimbabwe often highlight environmental degradation, including pollution and habitat destruction.

These critics also point to practices by Chinese firms that allegedly prioritize resource extraction over local value addition.

Reports have surfaced concerning labor rights abuses by Chinese companies, from poor wages to severe working conditions and even sexual abuse.

This clash of perspectives showcases the tension between economic development and the ethical implications of foreign investment in Zimbabwe.