China’s aid to Africa for 3.5 billion yuan in construction, mocked by the West for wasting money

Publication date:

May 18, 2022

Author:

Online user

Overview:

China has invested $3.5 billion in various infrastructure projects in Angola, a country rich in oil resources. Despite Western criticism, China's investment is seen as a strategic move to secure a stable oil supply. Angola, in exchange, aims to use China's funds and technology to diversify its economy, transforming from a pure oil extraction country to a nation with a developed oil industry and modern industries. This collaboration not only meets China's ongoing demand for oil but also helps Angola upgrade its infrastructure, ensuring a mutually beneficial partnership.

Theme(s):

Diplomacy | Politics

Resource Type:

  • Social Media

    • Source Document(s):

    https://www.bilibili.com/read/cv16680846/

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