Monday, December 7, 2015

5 Myths about Chinese Investment in Africa

Foreign Policy published on 4 December 2015 a commentary titled "5 Myths about Chinese Investment in Africa" by Deborah Brautigam, Johns Hopkins University School for Advanced International Studies.

According to Brautigam, the first myth is that China is in Africa only to extract natural resources.  The second is a belief that China pledges significantly more loans and aid than is in fact the case.  The third is that Chinese companies employ mainly their own nationals in Africa.  The fourth suggests that Chinese aid and financing is a vehicle for securing oil concessions and mining rights.  The fifth is that China is gobbling up African land and even plans to send Chinese peasants to grow food in Africa to be exported to China. 

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