

By TradeInvestAfrica Staff
Bilateral trade between China and Angola hit an unprecedented $25.3 billion last year, making the oil-rich Southern African country China’s largest trade partner in Africa.
China’s commerce minister Chen Deming said his country will send agricultural specialists to Angola to help revive the sector ravaged by civil war, when he arrived there for a short visit.
Angola is the biggest source of China's oil imports, and Beijing has offered the country at least $5 billion in oil-backed loans. Chen said 67.38 million yuan in debts owed by Angola to help rehabilitate the economy has been exempted by the Chinese government.
Angola is one of the world's fastest growing economies, thanks to its oil exports and the construction of housing and infrastructure in the last few years.
Tens of thousands of Chinese work in Angola in construction, manufacturing and infrastructure economic sectors.




