China’s US $3 bln Offer for Platinum Raises Tension

The Zimbabwe Independent reports that China has offered $3bln US for platinum reserves, which is stirring controversy.

The story is quoted as saying:

The deal with China, through the Export-Import bank of China (China Eximbank), gives Zimbabwe US$3 billion to resuscitate its economy wrecked by extended years of bad policies and mismanagement. The US$3 billion offer is described in official documents, seen by the Zimbabwe Independent, as a “master-loan-facility”.

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