shifting its industrial structure

suppliers of oil, Angola’s shipments to the latter have been declining partly because of the renegotiation of the Lourenço government’s debt with China. Worse still, China’s robust demand for oil will face limits. China has been shifting its industrial structure from resource intensive construction and manufacturing to services and consumption. Coupled with the stagnant Chinese economy, China presents many uncertainties as a major market for a supplier such as Angola. Beijing is also becoming more cautious about large loans in Africa and is reducing its investments. Now that China’s ravenous pursuit of resources has subsided, there is no sign of another resource boom similar to the millennium years. African economies will return to a low-growth trend สล็อต