The acquisition of one of Portugal’s biggest agricultural companies by Macao firm CESL Asia last year may yet be seen as a defining moment in the economic relationship between China, Portugal and our SAR.
Angola and Mozambique are among the African countries whose debt burden places them in a situation of financial risk, which may keep investors away, according to the World Bank.
The new São Tomé deepwater port was to be the signature project of the reestablishment of relations between China and São Tomé and Príncipe. But the country’s debt level currently advises against the large-scale state-to-state financing initially forecast.
Chinese financing on a large scale for the construction of infrastructure in exchange for natural resources, which became known as the "Angola Model” is now being developed into the "Ghana Model" according to researcher Eric Olander, founder of the "China Africa Project."
