The 6 Jan 2016, Zimbabwe has signed a trade agreement with Qingdao, in order to promote the investment exchanges, increase trades and develop economic cooperations. This will also provide a platform for the industrial and commercial circles of both countries.
The deputy mayor of Qingdao, Wangwei, said that the trade between Zimbabwe and Qingdao in 2014 reached 19.43 million dollars.
In 2014, Henshunzhongshen Group of Qingdao invested two gold mines in Zimbabwe, and Qingdao Ruichang established two companies and invested two factories in Zimbabwe.
Some Chinese official said that the Baverage Group Co., LTD of Qingdao, SEPCO Electric Power Construction Corporation (SEPCO) and Qingjian Construction Group are investigating the market of Zimbabwe.