Tags: AF | Angola | China

Chinese Companies Look at New Opportunities in Angola

Tuesday, 08 November 2016 06:06 AM EST

JOHANNESBURG (AP) — Hundreds of Chinese business executives are attending an investment forum in Angola, a major supplier of oil to China.

Lusa, the Portuguese news agency, reports that Chinese entrepreneurs are looking at new business opportunities in agriculture, fisheries, construction and other areas. The forum in Luanda, Angola's capital, ends Tuesday.

Lusa says China purchases almost half of Angola's oil production and that China surpassed Portugal, Angola's former colonial ruler, as the Angolan economy's leading supplier in 2015.

Francisco Viana, a Luanda business leader, said there are opportunities and dangers in doing business with China. He said, for example, that he is concerned about the destruction of natural resources such as timber, which is exported to China.

Angola's economy has struggled because of the global fall in commodity prices.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Africa
Hundreds of Chinese business executives are attending an investment forum in Angola, a major supplier of oil to China.Lusa, the Portuguese news agency, reports that Chinese entrepreneurs are looking at new business opportunities in agriculture, fisheries, construction and...
AF,Angola,China
129
2016-06-08
Tuesday, 08 November 2016 06:06 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved