[New post] Angola-China business volume grows nearly 25%

FurtherAfrica posted: " In the first quarter of 2021, the volume of business between Angola and China grew by around 23.9%, calculated at US $10.5 million. Of the total value of trade, the Chinese imported from Angola the equivalent to US $9.5 million, with a growth o" New post on FurtherAfrica Angola-China business volume grows nearly 25% by FurtherAfrica In the first quarter of 2021, the volume of business between Angola and China grew by around 23.9%, calculated at US $10.5 million. Of the total value of trade, the Chinese imported from Angola the equivalent to US $9.5 million, with a growth of around 21.6%. To Angola, China exported goods valued at US$1.3 billion, a growth of 50%. The information was given by the Chinese ambassador to Angola, Gong Tao, at a press conference, which aimed to present the balance of its activities throughout 2020. The diplomat said that in 2020 the volume of business between countries had a sharp drop of 37%. The drop in the volume of trade between the two countries, among the causes, has been blamed on the effects of the Covid-19 pandemic, which affected the oil market, since oil is the main product that Angola sells to China. Also read: Angola's strategy is to remain in cooperation with China - Finance Minister Read more of this post FurtherAfrica | August 27, 2021 at 5:20 am | Tags: Angola, Angola-China business volume grows nearly 25%, アンゴラ, china, Chinese investment, ангола, Economy, Finance, Trade, 安哥拉, أنغولا | Categories: Africa, Angola, Business, Economy, Finance | URL: https://wp.me/p6zXGE-a4b Comment    See all comments Unsubscribe to no longer receive posts from FurtherAfrica. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://furtherafrica.com/2021/08/27/angola-china-business-volume-grows-nearly-25/