China’s Mission to Quit American Produce Takes It to Africa
After avocados from South Africa, honey from Tanzania and mutton from Madagascar, it’s Angola’s turn to ink lucrative deals with Beijing.
果然,又花钱哄非洲兄弟了。
Recent Angola-China deals, primarily in agriculture, involve Chinese companies like Sinohydro ($100 million) and Citic Ltd. ($250 million) investing in grain, soybean, and corn production in Angola. These deals aim to boost Angola's food production and infrastructure while helping China secure a more diverse and stable supply of agricultural products and reduce its reliance on the U.S.