CHINESE ACADEMY OF INTERNATIONAL TRADE
AND ECONOMIC COOPERATION
MINISTRY OF COMMERCE, P. R. CHINA

Wed.29/10/2014

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Song Wei

Energy cooperation between China and Africa has a solid historical foundation and rich experiences have accumulated during the process. The commodity-backed loan agreements known asthe "Angola Model" in which the recipient countries in Africa use their raw materials to secure low-interest loans from China have promoted the bilateral cooperation between China and Africa in recent decades. But there is an urgent need for the two parties to improve this conventional cooperation model as the bilateral cooperation has continued to expand and China has taken an increasingly leading role in global economic governance.

The Author is the associate research fellow, affiliated with the institute of International Development Cooperation.

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