Here Are All Of The Big Chinese Investments In Africa Since 2010

 <https://www.businessinsider.com/author/mamta-badkar> Mamta Badkar

Aug. 13, 2012, 11:51 AM 

 
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r%3Dfacebook> The letter F.
<https://www.businessinsider.com/map-chinese-investments-in-africa-2012-8>
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+In+Africa+Since+2010&summary=> The word "in".  <https://flipboard.com/> A
stylized letter F. 

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Chinese investments in Africa have raised many eyebrows, as competitors like
the U.S. argue that it's motivated by Beijing's desire to exploit the
continent's resources. 

Earlier this year China promised $20 billion
<https://www.reuters.com/article/2012/07/19/us-china-africa-idUSBRE86I03O201
20719>  in investments to various African countries, and U.S. secretary of
state Hilary Clinton said in a speech
<http://www.guardian.co.uk/world/2012/aug/01/hillary-clinton-africa-china>
that African countries should consider partnerships with more responsible
countries as against countries that exploit resources, in an unmistakable
reference to China. 

This prompted Chinese state news-agency Xinhua (via the Guardian)
<http://www.guardian.co.uk/world/2012/aug/03/hillary-clinton-china-africa-in
vestment>  to write, "Whether Clinton was ignorant of the facts on the
ground or chose to disregard them, her implication that China has been
extracting Africa's wealth for itself is utterly wide of the truth." 

Given the recent debate we drew on this map from Stratfor
<http://www.stratfor.com/sample/image/chinese-investments-africa>  to
highlight Chinese investments offers in Africa since 2010. From Stratfor: 

"While China has proposed $750 million for agriculture and general
development aid and about $50 million to support small- and medium-sized
business development in addition to the aforementioned projects, it has been
criticized for the extractive nature of its relationship with many African
countries, as well as the poor quality of some of its construction work. 

However, since many African countries lack the indigenous engineering
capability to construct these large-scale projects or the capital to
undertake them, African governments with limited resources welcome Chinese
investments enthusiastically. These foreign investment projects are also a
boon for Beijing, since China needs African resources to sustain its
domestic economy, and the projects in Africa provide a destination for
excess Chinese labor." 

We first spotted the map on The Big Picture <https://www.ritholtz.com/blog/>
: 

Stratfor <http://www.stratfor.com/sample/image/chinese-investments-africa> 


Don't Miss: The Massive Chinese-Built Ghost Town In The Middle Of Angola
<https://www.businessinsider.com/chinese-built-ghost-town-kilamba-angola-201
2-7> >


 

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