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To: diesel00
but I don't think you can clearly dismiss it right now.

I can not only dismiss it but laugh at it.

If China wishes to pour money down that rat hole that is their business.

The Chinese ARE building roads and other useful infrastructure like generators, schools and satellite communication networks.

Not.

Chinese money is going into swiss bank accounts except for a few projects like the mad one's palaces.

It will be fascinating to see what happens when he falls. China will find it's self out in the cold again.

35 posted on 11/05/2006 2:10:15 PM PST by Harmless Teddy Bear (De inimico non loquaris sed cogites)
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To: Harmless Teddy Bear
I can not only dismiss it but laugh at it. If China wishes to pour money down that rat hole that is their business. Chinese money is going into swiss bank accounts except for a few projects like the mad one's palaces.

Check again. The Chinese are spending considerable amounts of money building roads, ports, dams, railways, hospitals etc all over Africa. If there is anything the Chinese have learned to do in the last decade, it is building basic infrastructure. You are foolish to think the Chinese are willing to see its investments go for nought. The Chinese are the uber-capitalists of the day, and they are getting what they want as we speak. Who is stupid then?

http://news.bbc.co.uk/2/hi/business/6079838.stm
China is thus willing to invest in railways, roads, ports and rural telephony in various African countries as part of its winning formula for economic development. This is an area considered too risky by many of Africa's traditional partners

http://www.nyinquirer.com/nyinquirer/2006/10/chinas_investme.html
$200 billion in loans and aid flowed into Angola to fund roads, schools, railroads, hospitals, and bridges, all built by Chinese companies, as well as fiber-optic cable and training for telecommunications workers. Angola exports 25% of its oil to China.

http://www.atimes.com/atimes/China_Business/HK03Cb03.html
China has built a significant presence in Africa, investing about 6.72 billion US dollars by the end of last year, and building ports, railways, roads and dams. It has used soft loans and millions of aid to secure natural resources -- oil and precious metals, to feed its fast-growing economy.
45 posted on 11/05/2006 2:33:30 PM PST by diesel00
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