EYA blasts bit­ter op­po­si­tion over China

Daily Nation Newspaper - - HOME NEWS - By NA­TION RE­PORTER

THE re­sent­ment op­po­si­tion po­lit­i­cal par­ties are show­ing to­wards China will have an ad­verse ef­fect on de­vel­op­ment projects funded and im­ple­mented by that coun­try, says Evan­gel­i­cal Youth Al­liance (EYA) ex­ec­u­tive di­rec­tor Moses Lungu.

Rev­erend Lungu said such re­sent­ment could also weaken Zam­bia’s bi­lat­eral ties with China which would in turn af­fect the na­tion re­gard­less of its af­fil­i­a­tion. Speak­ing to the Daily Na­tion yes­ter­day, Rev. Lungu said he had noted with dis­may, the ridicule that Chi­nese in­vest­ments and aid to Zam­bia, had been sub­jected to by op­po­si­tion po­lit­i­cal par­ties and their al­lies but said there was no sin­cer­ity in any of their claims. He said con­trary to lies ped­dled by some sec­tions of so­ci­ety, for­eign in­vest­ment was an es­sen­tial el­e­ment in any given coun­try’s quest for ac­cel­er­ated and pro­tracted so­cio-eco­nomic de­vel­op­ment. Rev Lungu said China had done a lot in al­most all the sec­tors of the econ­omy from fund­ing to car­ry­ing out projects es­pe­cially in in­fra­struc­ture de­vel­op­ment. He said that con­tin­ued at­tacks on Chi­nese in­vest­ment by some op­po­si­tion po­lit­i­cal par­ties would as­sault such good ges­tures and af­fect the econ­omy. “Chi­nese in­vest­ments in Zam­bia is con­tribut­ing to the cre­ation of em­ploy­ment op­por­tu­ni­ties, in­tro­duc­tion a di­ver­sity of new prod­ucts, thereby af­ford­ing lo­cal con­sumers a greater as­sort­ment of prod­ucts to choose from, “This also con­trib­utes to the tax rev­enues for gov­ern­ment and pro­motes ex­ports and, thereby, con­tribut­ing to the gen­er­a­tion of for­eign ex­change,” Rev. Lungu said. He said as a re­sult of these pos­i­tives from then Chi­nese in­vest­ments, the pro­mo­tion of FDI has be­come one of the ma­jor com­po­nents of the eco­nomic pol­icy regimes of all coun­tries of the world to­day. “In fact, even coun­tries which al­ready have strong economies (such as Swe­den, Aus­tralia, and G-7 na­tions) and have his­tor­i­cally re­lied mainly on lo­cal in­vest­ment have gen­er­ated am­bi­tious poli­cies de­signed to at­tract FDI, “It is, there­fore, im­por­tant for us to be aware that our coun­try is com­pet­ing for FDI not only with de­vel­op­ing coun­tries but also with the more de­vel­oped and af­flu­ent coun­tries in the world,” he said.

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