Sino-Angolan Relations
Why the Sino-Angolan Relations in the Context of CPLP are important for China?
Paper written By Anonymous
March 31, 2013
Abstract
The objective of this paper is to capture the importance of Sino-Angolan relations to China and how China has used this relationship to try to build a strong relationship with other Portuguese speaking countries. The paper will identify China’s interest in Portuguese speaking countries.
Keywords:
Introduction
Sino-Angolan relations have been over 25 years. However, the last few years of this relationship have been of vital significance. China’s relations with Angola, goes back to the early years of struggle against ant colonialism but formal diplomatic relations between both countries started in 1983. Sino-Angolan relations gradually improved in the 1990s. After the Angolan civil war in 2002, Sino-Angolan relations started to improve gradually especially as it started to shift from defense and security to economic. By 2004, Sino-Angolan relations reached a milestone after the Chinese government committed $2 billion oil backed loan to Angola to help the rebuilding of destroyed infrastructures during the war.
Angola sits on a very huge oil reserves. Angola is the second largest oil producer in Africa and the fifth largest world diamond producer[1]. And Angola is currently china’s largest trading partner in Africa. In 2009 alone mutual trade between China and Angola reached a shocking $25 million.[2] 29% of China’s trade with the PSCs (Portuguese Speaking Countries) is with Angola. Angola is China’s main source of oil imports. In the first three months of 2008 Angola provided China oil imports with 6.5 metric tons of crude oil. In addition, Chinese state-owned banks have granted Angola with $15 billion in soft loans for hundreds of projects.[3]
Angola’s over 19 million people could
Paper written By Anonymous
March 31, 2013
Abstract
The objective of this paper is to capture the importance of Sino-Angolan relations to China and how China has used this relationship to try to build a strong relationship with other Portuguese speaking countries. The paper will identify China’s interest in Portuguese speaking countries.
Keywords:
Introduction
Sino-Angolan relations have been over 25 years. However, the last few years of this relationship have been of vital significance. China’s relations with Angola, goes back to the early years of struggle against ant colonialism but formal diplomatic relations between both countries started in 1983. Sino-Angolan relations gradually improved in the 1990s. After the Angolan civil war in 2002, Sino-Angolan relations started to improve gradually especially as it started to shift from defense and security to economic. By 2004, Sino-Angolan relations reached a milestone after the Chinese government committed $2 billion oil backed loan to Angola to help the rebuilding of destroyed infrastructures during the war.
Angola sits on a very huge oil reserves. Angola is the second largest oil producer in Africa and the fifth largest world diamond producer[1]. And Angola is currently china’s largest trading partner in Africa. In 2009 alone mutual trade between China and Angola reached a shocking $25 million.[2] 29% of China’s trade with the PSCs (Portuguese Speaking Countries) is with Angola. Angola is China’s main source of oil imports. In the first three months of 2008 Angola provided China oil imports with 6.5 metric tons of crude oil. In addition, Chinese state-owned banks have granted Angola with $15 billion in soft loans for hundreds of projects.[3]
Angola’s over 19 million people could