Investors in western countries are also alarmed by the government’s indigenization policy, which requires any foreign company worth more than $500,000 investing in the country to have a local partner with a 51% stake. As a result Zimbabwe has few western investors. But where westerners have left, it is widely believed that China has stepped in. David Ellwood, founder of Metmar Minerals, says bluntly: “The Chinese are not nervous about Zimbabwe. Everyone else in the world is.
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