Asia Sentinel

Asia Sentinel

Trouble Could Be Brewing Over China Development Loans

John Berthelsen's avatar
John Berthelsen
Jun 20, 2015
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On June 3, President José Eduardo dos Santos of Angola appeared in Beijing to ask for a repayment moratorium for at least two years and new credit for the country’s debt to Chinese banks for infrastructure development. With the price of crude having descended from above U$115 in June 2014 to below US$65 today, Angola is having serious problems meeting i…

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