Angola continued to increase

China’s loans to Angola continued to increase, reaching a cumulative amount exceeding $40 billion. In addition to infrastructure construction related to the oil industry, China has built railroads, ports, and housing by providing loans for these projects. In an important sense China has been deeply involved in nation-building in Angola, but with a significant downside: the Chinese government’s “going out” strategy pumps large loans into African countries that are at high risk of corruption. At the same time, the oil imported from Angola helps to sustain rapid economic growth in China. สล็อต เว็บตรง