Business between Angola and China exceeds US$10 billion in 2017

29 September 2017

The value of the new projects developed in 2017 under the cooperation agreement between Angola and China exceeded US$10 billion, the Chinese ambassador to Angola said on Thursday in Luanda.

Ambassador Cui Aimin, speaking at a ceremony commemorating the 68th anniversary of the proclamation of the People’s Republic of China on 1 October 1949, said that the amount quoted had been applied to various infrastructure projects.

The projects covered by the cooperation agreement include the Technology Demonstration Centre and the Institute of International Relations, both in the process of being finalised, as well as the fourth medical team that recently arrived in Angola.

In his speech to guests, mostly diplomats posted to Angola, the ambassador said that Angola is a strategic partner for China, with which cooperation “is steadily deepening,” according to Angolan news agency Angop.

The ambassador, after emphasising that companies are the basis of cooperation between the two countries, called on them to explore new areas of intervention and called on the Angolan government to continue to provide support to Chinese companies, particularly in terms of investment protection. (macauhub)