[sickoflibs]

RE :”The plans appear on track. Across Africa, the red flag of China is flying. Lucrative deals are being struck to buy its commodities - oil, platinum, gold and minerals. New embassies and air routes are opening up. The continent's new Chinese elite can be seen everywhere, shopping at their own expensive boutiques, driving Mercedes and BMW limousines, sending their children to exclusive private schools....'The Chinese are all over the place,' says Trevor Ncube, a prominent African businessman with publishing interests around the continent. 'If the British were our masters yesterday, the Chinese have taken their place.' Likened to one race deciding to adopt a new home on another planet, Beijing has launched its so-called 'One China In Africa' policy because of crippling pressure on its own natural resources in a country where the population has almost trebled from 500 million to 1.3 billion in 50 years China is hungry - for land, food and energy. While accounting for a fifth of the world's population, its oil consumption has risen 35-fold in the past decade and Africa is now providing a third of it; imports of steel, copper and aluminium have also shot up, with Beijing devouring 80 per cent of world supplies
...Fuelling its own boom at home, China is also desperate for new markets to sell goods. And Africa, with non-existent health and safety rules to protect against shoddy and dangerous goods, is the perfect destination. “

At least China has a plan. Our plan seems to be self destruction.

[ding_dong_daddy_from_dumas]

Lucrative deals are being struck to buy its commodities - oil, platinum, gold and minerals.

Those here on FR who say that our debt to, and trade relationship with, China is a "win-win" because they claim China has to spend their money here, ignore the fact that China is buying metals and other resources around the world with money that we need here.