2011
DOI: 10.1080/02589001.2011.555192
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Uneasy allies: China's evolving relations with Angola

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Cited by 61 publications
(61 citation statements)
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“…Angola's post-war economy required huge amounts of social and infrastructural investment and so external financing was sought. It was here that China in need of energy resources offered Angola a series of oil-backed credit lines with little conditionality (Corkin, 2011). In the first official estimate of Chinese credit to Angola, the Chinese Ambassador said in early 2011 that US$14.5 billion in credit had been provided since the end of the war from the three Chinese state banks.…”
Section: Elite Unaccountable and Enclavedmentioning
confidence: 99%
“…Angola's post-war economy required huge amounts of social and infrastructural investment and so external financing was sought. It was here that China in need of energy resources offered Angola a series of oil-backed credit lines with little conditionality (Corkin, 2011). In the first official estimate of Chinese credit to Angola, the Chinese Ambassador said in early 2011 that US$14.5 billion in credit had been provided since the end of the war from the three Chinese state banks.…”
Section: Elite Unaccountable and Enclavedmentioning
confidence: 99%
“…A significant part of this has focused on 'resource diplomacy' (Power et al 2012;Carmody et al 2012;Carmody and Taylor 2010), given China's increased demand for natural resources to fuel its growing economy. This has resulted in sometimes uneasy alliances, but also important accommodations (Corkin 2011a). In 2012, SinoAfrican trade reached its highest levels yet, at almost US$200 billion according to official Chinese sources (Yang 2013 The role of Chinese financing, across sectors, has been particularly important.…”
Section: China In Africamentioning
confidence: 99%
“…Agency on the part of selected Chinese and Angolan actors has produced in the CIF-GRN an institutional assemblage that sits within the state apparatus but is only connected to selected and clandestine elements within the state. As Corkin (2011a) argues this might be a response on the part of the Chinese to Angola's rampant corruption in which direct ties are seen as better than diffuse budget support. The creation of unaccountable enclaves within states echoes the Structural Adjustment era when 'parallel governments' (Hutchful 1989) were set up, mainly in finance ministries, by appointed technocrats.…”
Section: Angolamentioning
confidence: 99%
“…It was in this context that China, in need of energy resources, sought to offer Angola a series of oil-backed credit lines with little conditionality (Corkin 2011a). China's ExIm Bank provided the first funding for infrastructure development in 2002 and a 'framework agreement' for new economic cooperation was signed by the Angolan Ministry of Finance and the Chinese Ministry of Trade in 2003, whilst in March 2004 the first US$2 billion financing package for public investment projects was approved.…”
Section: Angolamentioning
confidence: 99%