"It's shameful that the UDF party wants to take us back to the dark days,"

Mr Gwanda Chakuamba (2003)

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Thursday, October 02, 2008

Chinese Ambassador applauds Malawi President

Malawi’s new ally Mainland China on Monday
celebrated its 59th anniversary of founding of that country with
revelations that the trade between Malawi and China has hit US$43
million, a 101 percent growth compared to the same period last year.

Chinese ambassador to Malawi Lin Songtian said at a reception to mark
the anniversary on Monday in Lilongwe that the export volume from
Malawi to China has reached over US$4 million exclusive of the tobacco
export, with a growth rate of 112 percent compared to the same period
last year.

“More importantly, more Chinese investors come to Malawi looking for
investment opportunities and one of them has decided to invest US$25
million in cotton plantation and processing industry in Malawi this
year, which will create about 1,000 jobs for the local people and
benefit more than 50,000 farmers and help the Malawi government earn
millions of foreign currency,” he said.

He said the Chinese government will continue encouraging and supporting
Chinese enterprises to invest in Malawi and undertake mutually
beneficial and win-win cooperation of economy and trade in all forms.

Ambassador Songtian also said the cooperation between Malawi and China
in education, health and medical service, media and human resources
development is fruitful.

“This year China has provided 30 scholarships to Malawian students and
officials, and will invite more than 100 officials, experts,
professional personnel and media journalists from Malawi to visit
China,” he said.

Songtian applauded the leadership of President Bingu wa Mutharika whom,
he said, under him the economy has enjoyed rapid development of about 8
percent annual growth rate and achieved unprecedented food surplus for
the recent three consecutive years.

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