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Zimbabwe, China sign US$1 bln MoU for setting up steel plant

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Zimbabwe and China on Monday signed a US$1 billion Memorandum of understanding (MoU) for establishing a steel plant that can produce up to 2 million tonnes of steel per annum.

XinhuaUpdated: June 12, 2018

Zimbabwean President Emmerson Mnangagwa (2nd L, the 2nd Row) and Che Jun (3rd R, the 2nd Row), secretary of Zhejiang Provincial Committee of the Communist Party of China (CPC), witness the signing of friendship cooperation project between Zimbabwe and China's Zhejiang Province in Harare, Zimbabwe, on June 11, 2018. Zimbabwe and China on Monday signed a 1-billion-U.S.-dollar Memorandum of understanding (MoU) for establishing a steel plant that can produce up to 2 million tonnes of steel per annum. [Photo/Xinhua]

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