Saturday, April 28, 2012
Chinese Populations in Angola
peaking to the official news agency Angop, Freitas Neto stated that "there are currently 258,920 Chinese in Angola", with almost 98% of these as construction workers helping to rebuild the country.
and export destination as well as the fourth-largest importer. Bilateral trade reached $27.67 billion in 2011, up 11.5 percent year-on-year. China’s imports, mainly crude oil and diamonds, increased 9.1 percent to $24.89 billion while China’s exports, including mechanical and electrical products, machinery parts and construction materials, surged 38.8 percent, according to China’s General Administration of Customs. trade partner
Trade in diamonds, China’s other major import from Angola, will continue to surge owing to strong investment demand in the second-largest market for the diamonds.
China's investments in Angola, mainly centered in infrastructure, social development including schools and hospitals, and agriculture, also help to expand bilateral trade since the investments lead to the purchase of engineering materials from China. (Angop, China Daily)