Angola is heavily dependent on oil, with China by far the biggest buyer. Photo: Reuters
Angola is heavily dependent on oil, with China by far the biggest buyer. Photo: Reuters

Why Angola struggles to shake off its economic dependence on China

  • The country is heavily indebted and relies on oil exports to China to pay off its loans – a strategy that has left it vulnerable to falling oil prices
  • The government has been trying to diversify the economy and renegotiate debts, but for now it needs Beijing’s support

Angola is heavily dependent on oil, with China by far the biggest buyer. Photo: Reuters
Angola is heavily dependent on oil, with China by far the biggest buyer. Photo: Reuters
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