HARARE, Aug 25 (Reuters) – President Robert Mugabe pinned his hopes on China helping to revive Zimbabwe’s struggling economy on Tuesday and outlined reforms to investment rules to try to attract more capital.
In his first state of the nation address in eight years, the 91-year-old president, who has presided over economic collapse and diplomatic isolation since he came to power in 1980, said strong growth was just around the corner.
“Zimbabwe is already positioning itself for major economic take-off in keeping with ZIMASSET (economic plan), which requires massive capital injection and rapid implementation,” Mugabe said in a 25-minute speech.
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