HALF A BILLION DOLLARS REALISED IN TAXES FROM CHINESE TRADE

The Zambia-China Economic and Trade Cooperation Zone has generated around 500 million dollars in tax revenue over the last five years.

The China Daily online reports that the zone has realised 4.35 billion dollars in total sales revenues and created 12,000 jobs for Zambia in the past five years.

The ZCCZ was established in Zambia in February 2007 as China's first overseas economic and trade cooperation zone established in Africa, as well as the first multi-facility economic zone created by the Zambian government.

At present, the zone has attracted 17 companies, which have invested up to 900 million dollars in the zone.