Posted on 07/19/2008 11:05:32 AM PDT by KingJaja
The entire world may not have sat up and taken notice in the last week, and that is probably just fine with China, which has just made a major move into central Africa.
With its agreement to lend $5 billion to Congo, what might have often looked like a grab-bag approach to the African continent by a country with only sporadic involvement there has finally taken on a distinct outline.
..............................................
It must be said that China has chosen a daunting proving ground for its long-held ideas about engagement with the developing world, which could be summed up as "it's the economy, stupid." It is not merely for lack of good faith that the West has nearly abandoned this part of the world, despite its immense riches. History has shown this to be an extremely hard place to build lasting, productive enterprises.
(Excerpt) Read more at iht.com ...
Pingaroo
China is just the latest sucker playing African Lotto.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.