Chinese investment in Angola until May has already exceeded half of last year’s total

2020-07-20

Between January and May this year, China invested US $ 120 million (106 million euros) in Angola, more than half of the total amount realized in 2019, the ambassador, Gong Tao, told Lusa.

“Last year, the volume of Chinese investment in Angola stood at US $ 200 million and in the first five months of this year, the volume of direct investment, even with the pandemic, reached US $ 120 million” , said the diplomat in an interview with Lusa.

For the Chinese ambassador to Angola, these data reflect “the importance, the interest” that businessmen and investors in that Asian country have in relation to Angola, showing good prospects for the two economies to continue to cooperate.