Minister of Finance, Economic Planning and Development Goodall Gondwe says Malawi and China need to share ideas if the former is to develop at the rate of the world’s second largest economy.
China has helped Malawi with low interest loans and grants since they started diplomatic relations eight years ago after dumping Taiwan.
“I remember in 1987 when I visited China, all the people were just riding bicycles. Today, their cities are just like any other in the United States and the people are now rich,” said Gondwe last week in Lilongwe during the signing ceremony of technical cooperation agreement for humanitarian food help and exchange of letters for the provision of 100 police vehicles.
Chinese Ambassador Wang Shi-Ting agreed with Gondwe.
“Malawi has potential to do well, and as China, we will play our part to help,” he said.
To kick-start provision of the relief food, the Chinese government started buying rice prior to the signing ceremony.
China is expected to spend $10 million (K7 billion) on procurement of rice and $4 million (K2.8 billion) on the vehicles. n