Luanda, Angola, 10 Mar – Angola has become China’s main partner in Africa, with US$25.3 billion invested in 2008, said Chinese professor Liu Heifang of the Institute of African Studies at the Chinese Academy of Social Sciences in Luanda.
At the international conference “China in Africa,” Liu Heifang said that the Chinese government has US$42 billion available to help with development, just under half of the amount of trade between China and African countries in 2007, which reached US$72 billion, according to Chris Alden of the South African Institute for International Relations.
Alden said that trade between Africa and China had grown steadily and petroleum featured heavily, with Angola assuming increasing importance. Equatorial Guinea, Sudan and the Democratic Republic of Congo are some of China’s other important partners in oil trade.
According to Chris Alden, China has become the main world consumer of oil and other raw materials necessary to its development, such as aluminium, iron, copper, manganese, lead and zinc which, in the case of Africa, come from Angola, Libya, the Democratic Republic of Congo, Gabon, Equatorial Guinea, Nigeria, Sudan, Zambia, Zimbabwe, Algeria and South Africa.
Contracts drawn up with the African countries determine the inclusion of large portions of the Chinese workforce on the infrastructure projects in order to reduce risk, said Alden, also Professor at the London School of Economics. (macauhub)