Over 50 Chinese state companies and 400 private firms operate in Angola

19 November 2010

Beijing, China, 19 Nov – Over 50 large Chinese state companies and 400 private ones are involved in Angola’s reconstruction, the Chinese ambassador to Angola, Zhang Bolun told Chinese news agency Xinhua.

All of those companies, the ambassador said, were involved in construction or reconstruction of housing, ports, railways, roads and other infrastructure.

Since the end of the Angolan civil war in 2002, China has lent Angola around US$4.5 billion and “will continue to grant that credit to the African nation,” the ambassador said.

Angola is currently China’s largest oil supplier, having overtaken Saudi Arabia, and is its most important trading partner in Africa.

Zhang Bolun also noted that although bilateral trade had fallen in 2009 due to the world economic crisis, this year it was expected to reach the total for 2008 of US$20 billion.

The ambassador’s statements to the new agency were made ahead of a visit to Angola by China’s vice president, Xi Jinping, who Tuesday announced a visit to three African countries – South Africa, Botswana and Angola. (macauhub)
Over 50 Chinese state companies and 400 private firms operate in Angola

MACAUHUB FRENCH