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Economy / Zambia

Changed Directions

January 2008 | Ratings Update

Chinese-Zambian relations have long been a delicate balancing act. In 2005, then Presidential candidate Michael Sata threatened to limit Chinese holdings in Zambian firms to 51% because of pay and treatment issues (he lost), sparking China to threaten the severance of economic and political ties with the country. In the same year, six rioting Zambian miners were shot and wounded by their Chinese managers. The January 2008 strike action for better wages by 500 Zambian construction workers is only the most recent example of a tension that shows no sign of

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