Thursday, October 25, 2007

China is doing what any other country would do (most likely a better job )

China is doing what it can to gain from Africa but they are not just taking, they are also giving many things to Africa. By investing in Africa, this is helping them build relations in trading with Africa and get money by selling their own goods to African people. It’s obvious that the African companies won't like it as they are losing all their profits to Chinese companies who can afford to produce and sell at a lower cost. By doing this, china is not helping African countries but rather helping themselves filling their pockets. But then again, what would other countries have done?? They would have done the exact same thing or probably worst. They all would want to gain some kind of advantage in trading and by investing money, they would be able to do so. China needs Africa's natural resource to keep increasing its economic growth and Africa need china's aid financially. Now there are around 800 Chinese companies in Africa, and china mainly imports oil. That's the thing they are mostly interested and that's why the US is alarmed as they are also interested in importing oil from there. China has already invested in the Angolian oil sector but Angola doesn't allow any single country or company to dominate its oil. Since China couldn't control the Angolian oil, they entered the Sudan market and now control Sudanese Oil sector. African governments are welcoming the aid from china, it’s only the African companies that are not happy as they have to compete with small Chinese businesses. Overall, China is doing probably better than what any other would have done and if the African governments are happy about it, I think that china is doing a good job.



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