China Creates Closer Economic Ties with Africa

examiner.com ^ | November 7, 2009 | Martha

[usalady]

With plenty of money to invest from the interest owed to it by the United States, China continues reaching out its tentacles to grab more natural resources from Africa.

[usalady]

It is already reaping the rewards of Africa's natural resources and its consumers market. Now it is offering to abolish import duties on some commodities.

[ClearCase_guy]

When Europeans do this it is imperialism, colonialism, and pure evil. When China does this, it’s part of the global economy and its just doubleplus good.

[PapaBear3625]

China needs Africa’s minerals. It does not need the Africans. Look for China to export a few million “settlers” to southern Africa.

[opentalk]

China also buying coal in Australia

China clinches biggest buyout in Australia

"A Chinese company has succeeded in the biggest-yet takeover bid of an Australian firm in a move seen as an exploit amid bitter investment relations."