Oxford: Hurst Publishers. Schmitz, Cheryl M. Tang, Xiaoyang. Cover Photo: Angola. Credit CC : Oscar Megia. Projects in this area. Addis—Djibouti Railway Read more. The People's Pulse. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.
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It does not store any personal data. Functional Functional. Over the last few years, China has announced multiple investments and loans to the three countries. Sign up to the Quartz Africa Weekly Brief here for news and analysis on African business, tech, and innovation in your inbox. By providing your email, you agree to the Quartz Privacy Policy.
Skip to navigation Skip to content. Discover Membership. Editions Quartz. We are the leftovers. Emerging Markets Updated. A Chinese worker walks past a construction site in Lubango, Angola March 5, In , crude exports to China represented 65 percent of the total, and in the first quarter of , that percentage increased to 68 percent. In terms of imports, between and , China represented an average of 12 percent of the total Angola imports.
The report considers that crude export revenues are 10 times higher than the value paid by Chinese imports, so Angola has a positive trade balance. But CEIC emphasized that in the future and for the relations to remain healthy and long-term, it's "essential" that Angola can also export added-value products and not only petroleum.
For that, the African country suggests that China helps develop Angola's industrial capacity. The authors consider that the Angolan government should take advantage of Chinese expertise in agriculture, health, technicians' education, and exchange programs. Gong Tao assured that China will continue to invest in the country according to its necessities, but also alerted to the fact that the Angolan counterpart should make efforts to guarantee the safety of investors.
The official remembered that there are cases of Chinese nationals robbed and kidnapped.
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