Published on 08 Nov 2021

Why Angola struggles to shake off its economic dependence on China

South China Morning Post

Angola is heavily indebted and relies on oil exports to China to pay off its loans – a strategy that has left it vulnerable to falling oil prices. Dr Ana Cristina Alves, an assistant professor at NTU in Singapore, said Luanda will still be looking to Beijing for capital injections, but to a much lesser extent than in the past. However, she said the biggest challenge for the Angolan economy will be ensuring China still wants its oil.

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