The Impact Of Chinese Foreign Direct Investment On Angola's Economic Growth

China' s economic evolution over the past year,two decades has generated Ripple effects in the world economy particularly in African continent.China-Africa relations are one that have been ongoing for centuries transcending to present day,however their investment and trade have mushroomed over the last 10 years.It's economic impact to the region is both huge and far fetching especially in the sub-Saharan Africa with its biggest investments made in Nigeria,South Africa,Sudan and Angola.Chinese investment abroad though Foreign Direct Investment(FDI)and Angola Mode has subsequently increased especially in natural resources to satisfy it' s growing demand of industrialization.The trade between China and Africa totaled to more than 185 billion US dollar in 2018,with Chinese companies importing oil from Angola and Sudan,Timber from Central Africa and copper from Zambia.In this context,it is of great importance to explore China's Foreign Direct Investment in Angola with the objective of understanding the barriers,regulation and economic environment of Angola and understand the impact of these historical phenomenon.The study analyzed the impact of Chinese foreign direct investment on Angola economic growth over the period of 2003-2017,the Ordinary Least Square(OLS)of multiple regression method is the estimation technique that is being employ in this study to determine the relationship between Chinese FDI and Angola' s GDP growth,the findings revealed that Angola economic growth is directly related to Chinese foreign direct investment and it is also statistical significant at 99%level which implies that foreign direct investment is an engine of economic growth.The paper recommended that government should liberalize the foreign sector in Angola so that all barriers to trade such as arbitrary tariffs;import and export duties and other levies should be reduced so as to encourage investors.