LUANDA, March 12 (Xinhua) -- Visiting President of China Development Bank
(CDB) Chen Yuan and Angolan President Jose Eduardo dos Santos here on Thursday
discussed the possibility of the CDB offering over one billion U.S. dollars for
Angola's agricultural development project.
After the meeting with the Angolan president, Chen Yuan said his discussion
with President Dos Santos is aimed at strengthening bilateral cooperation in
agriculture and financing sectors between China and Angola.
"We are ready to grant a credit line of over one billion U.S. dollars, but
we think that this amount is not enough and may be increased to respond to the
concrete needs of Angola in the domains of agriculture, grain production and
agriculture products processing," Chen said.
The Chinese banking official also said that other Chinese financing of
social and economic projects in Angola may be granted this year, stressing that
he has confidence in the Angolan government and believes that the perspectives
of cooperation are "very good".
According to Chen, the global financial crisis should be used by developing
countries like Angola and China as an opportunity to increase and strengthen