What China Wants From Africa? Everything

Date: May 4, 2019
By: Panos Mourdoukoutas

Photographer: Waldo Swiegers/Bloomberg © 2018 BLOOMBERG FINANCE LP

China wants everything from Africa: its strategic location, its oil, its rare earth metals, and its fish, leaving African nations indebted to Beijing.

In its long history, Africa has served the global ambitions of many foreigners. Foreigners have reached out to Africa as missionaries, financiers, and infrastructure builders.They have promised to place the continent on the globalization map and help its people grow out of poverty. But they ended up grabbing Africa’s riches, colonizing one nation after another, and letting their people steep in poverty.

That may end up being the case again,  with China’s recent infrastructure investment projects in the continent.

On the surface, these projects seem to serve the quest of African nations to build a sound infrastructure. But on closer examination, they serve China’s ambitions to write the rules of the next stage of globalization.    [FULL  STORY]