Interesting article about China's investments in Africa


03.04.2017

China’s Investments in Africa: What’s the Real Story?

"In December 2015, Chinese President Xi Jinping offered a whopping $60 billion loan and aid package to Africa, according to Voice of America. Xi said that China aims to develop infrastructure, improve agriculture and reduce poverty on the continent. This is only the latest example of China’s burgeoning economic presence in Africa. Its investment there has skyrocketed in recent years from $7 billion in 2008 to $26 billion in 2013, according to figures cited at a Wharton Africa Business Forum held last fall. But the relationship is fraught with controversy..."
 
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