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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (45690)	1/23/2009 6:10:36 AM
From: elmatador	Respond to of 218065

$ diverstion: China hails Angola as largest African trade partner Mon Jan 19, 2009 6:53am GMT Print \| Single Page[-] Text [+] 1 of 1Full SizeBEIJING (Reuters) - Oil-rich Angola has become China's largest trade partner in Africa, with bilateral trade hitting an all time high of $25.3 billion last year, Xinhua news agency said on Monday. China will send agricultural specialists to the southern African country to help revive the farm sector, which was badly damaged during a bloody civil war, Commerce Minister Chen Deming said during a visit. Angola is the biggest source of China's oil imports, and Beijing has offered the country at least $5 billion in oil-backed loans after the economy was destroyed by a 27-year civil war which ended in 2002. Chen said the Chinese government has exempted 67.38 million yuan in debts owed by Angola to help rehabilitate the economy. Angola is one of the world's fastest-growing economies, from a very low base, thanks to its oil exports and the construction of housing and infrastructure in the few years of peace. Tens of thousands of Chinese work in Angola in everything from private brick-building factories to state-backed road and bridge projects. Chen arrived in Angola on Saturday for a two-day visit.

To: TobagoJack who wrote (45690)	1/23/2009 6:13:28 AM
From: elmatador	Respond to of 218065

Angola becomes China's largest oil supplier. Also overtook Nigeria as Africa's largest oil producer. (no wonder with all those wayo guys blocking the Niger delta and harassing oil men...) El Termite. Living off Angola's log...