Posted Tuesday, May 17, 2016 at 1:23am
Although Angola’s path to democratization has been bogged down by the entrenched interests of the political elite and rampant corruption, the country has found significant success in economic terms by tapping into its vast oil wealth. Today, China takes a massive 48.1% of the country’s total exports, primarily in the form of oil deliveries. Of the 94% of Angolan exports that are made up of crude oil, some 50% go to China.
Posted Tuesday, May 17, 2016 at 1:19am
In the relative calm following the devastation of the First and Second Congo Wars, the Democratic Republic of Congo (DRC) has experienced consistent economic growth from the 2000s through the present day, fueled by aggressive Chinese investment and Beijing’s interest in leveraging the DRC’s mineral wealth to supply its growing economy back home. DRC exports to China have risen from $26.3 million in 2003 to $2.8 billion today, driven in ...
Posted Tuesday, May 17, 2016 at 12:26am
Zambia is another African country with an economy that is heavily dependent on natural resource extraction and one that has welcomed massive Chinese investment as a means to develop those resources. Zambia consistently ranks among the top four recipients of Chinese FDI on the continent, with the copper industry serving as the primary attraction.