China in Africa: why Angola's economy is likely to rely on Chinese financing for decades to come
Published on: Monday 26 June 2023
Since becoming Angolan president in 2017, Joao Lourenco has been trying to diversify the economy away from oil and to reduce the country's dependence on China. To that end, Lourenco has been trying to align more with the United States and Europe, than China - as was the case with his predecessor, the late Jose Eduardo dos Santos, who attracted Chinese capital for the reconstruction of the economy after the 26-year civil war ended in 2002. But observers say it might take decades to reduce the cou
