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China-Angola Debt Restructuring Deal Close Says Senior Official

File photo. Chinese President Xi Jinping leads the way for Angola's President Joao Lourenco during a welcome ceremony outside the Great Hall of the People in Beijing on October 9, 2018. Lourenco is on a state visit to China. GREG BAKER / AFP

The Angolan government is reportedly close to finalizing a deal with Chinese creditors to restructure the $20.1 billion of debts that Luanda owes Beijing, according to an unnamed senior government official quoted by Reuters.

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