established diplomatic relations

established diplomatic relations

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Due to the complex international context of the Cold War, it was not until 1983 that China and Angola established diplomatic relations. With the end of the Cold War, intergovernmental cooperation between China and Angola finally began in the 1990s. After becoming a net importer of oil in 1993, China became interested in importing oil from resource-rich African countries. In the 2000s, China’s state-owned enterprises (SOEs) began to expand into African countries in full swing. China’s “going out” strategy encouraged these moves. The Chinese government actively encouraged Chinese enterprises to expand their investment overseas. This strategy contrasted with the “bringing in” strategy of introducing foreign capital into China, implemented since the reform and opening-up of the 1980s The Chinese government fully implemented the “going out” strategy after 2000. In Africa, China’s major SOEs targeted mainly two areas: natural resources and infrastructure construction. สล็อตเว็บตรง