China is an “indispensable partner” for Africa’s development, due to the increase in Chinese investment on the continent, the President of Angola said in Johannesburg, cited by Angolan state newspaper Jornal de Angola.
Speaking at a round table of African leaders with Chinese President Xi Jinping at the second summit of the China/Africa Cooperation Forum, José Eduardo dos Santos highlighted the indicators that made China the largest trading partner and also the origin of the most direct investments made in Africa in recent years.
The Angolan president said the Sino-African partnership, forged during the colonial period, as well as support for the development of each of the African countries in particular and the continent in general could contribute to the establishment of a new international political and economic order and promote the democratisation of international relations.
“China offer exemplary support to African countries in the fight against colonialism, on a political and diplomatic level, as well as material,” said José Eduardo dos Santos, noting later that after national independence had been won and the nations were under construction, there was a need for a new partnership with new challenges and focused on the achievement of common objectives.
On the sidelines of the summit meeting, José Eduardo dos Santos met with the president and vice president of Industrial and Commercial Bank of China (ICBC), Yi Hiuman and Zhang Hongli, respectively.
The bank financed construction of the largest housing project in Angola, the city of Kilamba, is c financing, among other projects, construction of a combined cycle power plant in Soyo, and also took part in Angola’s first eurobond issue. (macauhub/AO/CN)