1. Zimbabwe's economy has shrunk dramatically due to western sanctions for implementing the "Rapid Land Reform Plan". Foreign exchange, fuel and daily necessities are in short supply, the inflation rate is soaring, and a large number of people are pouring into neighboring countries.

2. After March 2008, the economic situation further deteriorated. By the end of that year, the economy basically collapsed, the key departments such as finance, finance and taxation basically stopped operating, and the management functions of public utilities such as hydropower, communications, medical care and education were almost paralyzed.

3. In February 2009, after the coalition government was established, the economic situation improved. Since 20 16, economic difficulties have intensified and liquidity has been seriously insufficient.

Economic and trade relations and economic and technological cooperation with China

1. The Chinese and Zimbabwean governments signed an agreement on economic and technological cooperation, trade, investment protection and avoidance of double taxation, and established a joint economic and trade commission.

Since the establishment of diplomatic relations between the two countries, China has assisted Zimbabwe to build Harare National Stadium, hospitals, schools, dams, wells, garment factories and other projects. With the help of The Export-Import Bank of China's export buyer's credit and preferential government loans, we have undertaken projects in Tianjin, such as cement plant, telecommunication transformation of mobile network, national defense college, reconstruction and expansion of Victoria Falls Airport, and expansion of Kariba South Bank Hydropower Station.

In 3.20 17 years, the bilateral trade volume was131700 million US dollars, up by 18% year-on-year, of which China exported 444 million US dollars, up by14.5% year-on-year; Imports reached US$ 873 million, a year-on-year increase of 20%.

4.20 18 From June to June 2008, the bilateral trade volume was12.05 million US dollars, up 0.96% year-on-year, of which China exported 36/kloc-0.00 million US dollars, down 5.67% year-on-year; Imports reached US$ 844 million, a year-on-year increase of 4.09%. China mainly imports tobacco from Tianjin and exports electromechanical and high-tech products to Tianjin.

Reference to the above content: Baidu Encyclopedia-Zimbabwe