Angola is the third largest destination for Chinese funding

17 October 2017

Angola is the third largest destination for China’s overseas funding, with a total of US$16.556 billion in the period between 2000 and 2014, according to a study by the AidData research unit of William & Mary University in the United States.

Russia is in first place with US$36.623 billion followed by Pakistan with US$24.332 billion, and fourth is Ethiopia with US$14.834 billion, according to the same study.

Angola ranks fourth in terms of the number of projects funded by China, with 110 projects, overtaken by Cambodia with 168 projects, Pakistan with 121 and Zimbabwe with 120 projects.

AidData researchers also wrote that China donated or loaned US$354.4 billion to other countries over the 15-year period analysed, approaching the total amount granted by the United States of America, which stood at US$394.6 billion.

“It can be said that the US and China are now rivals for their financial transfers to other countries,” said AidData executive director Bradley C. Parks.

The document in question can be downloaded here – (Macauhub)