ElyaDatabase ID Number: M060
Creator: Preston Hollopeter ’19 Chemical Engineering
Angola is China’s largest trading partner in Africa with oil exports taking center stage. Vast reserves in the waters west of northern Angola stimulate economic cooperation, allowing for oil-backed loans from the Chinese Exim bank to fund immense infrastructure construction projects while China becomes a stakeholder in lucrative offshore oil blocks. Railway and road rehabilitations facilitate transportation and create an avenue for future trade with Zambian minerals. Hydroelectric dams generate a more reliable electricity grid that can lay the groundwork for economy diversification with foreign and domestic investment in manufacturing, especially in the Benga and Viana economic zones in the capital of Luanda. Additionally, China has promoted Angolan agriculture and fishing sectors as well as boosted national pride with stadiums and a parliament, although the bulk of money goes toward building infrastructure and manufacturing.
Cite This Work :
Preston Hollopeter, “Chinese 'Angola Mode': Oil for Construction.” Scale: 1:20,000,000. In Elya J. Zhang, ed., Mapping History Series.<https://elyadatabase.com/2021/08/02/chinese-angola-mode-oil-for-construction/> (accessed May 27, 2022).