China has so far provided US$10 billion in loans to Angola

22 November 2010

Luanda, Angola, 22 Nov – The vice president of China, Xi Jinping, Friday in Luanda noted the good level of relations with Angola and noted that China had provided Angola with loans totalling US$10 billion.

Cited by Angolan news agency Angop, the vice president said that trade had totalled US$19.8 billion from January to September, which was a rise of 80.8 percent against the same period of 2009.

These figures were announced by Xi Jinping, in the Angolan capital, at the opening of official talks between the ministerial delegations of the two countries, with a view to signing cooperation agreements in the construction, mining and railroad equipment supply sectors.

In Luanda, for an official two-day visit, the Chinese vice president noted that loan agreements totalled US$10 billion and said that Angolan companies such as Sonangol, focusing on China was a new chapter in Chinese-Angolan relations.

In the company of his Angolan counterpart, Fernando da Piedade Dias dos Santos, Xi Jinping pointed to culture, education, civil aviation, public health, environmental protection and justice as being new areas for promotion of bilateral relations. (macauhub)