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During colonial times, European powers exploited Africa for the vast resources that it possesses. But what China is doing today is actually much worse. Yes, the Chinese greatly desire African resources, but ultimately what they want is Africa itself. But instead of conquering Africa using military force, China is using economics instead. Today, more than 10,000 Chinese-owned firms are operating in Africa, and virtually every major road, bridge, railway and skyscraper is being built by the Chinese. As a result, most African nations are very deeply indebted to China at this point. And as you will see below, when those debts go bad that gives the Chinese a tremendous amount of leverage.
Many people believe that the endgame for China is to make a whole lot more money and to gain control over a whole lot more resources. And China is undoubtedly pursuing those goals, but as Forbes has noted, ultimately what this is about is turning Africa “into another Chinese continent”…
The reason Chinese corporations are in Africa is simple; to exploit the people and take their resources. It’s the same thing European colonists did during mercantile times, except worse. The Chinese corporations are trying to turn Africa into another Chinese continent. They are squeezing Africa for everything it is worth.
Right now, approximately two million Chinese citizens already live in Africa, and that number is steadily rising with each passing month.
These days, it is difficult to find a major construction project on the continent that is not being handled by the Chinese, and this has enabled them to put their imprint on some of the largest African cities. For example, just check out what is happening in Nairobi, Kenya…
On the outskirts of Nairobi, Kenya, a small sign points to “Beijing Road,” where a new housing development called the Great Wall Apartments looks like the concrete towers you’d find in a Chinese city.Across Africa, Chinese developers are building highways, light rail systems, apartment buildings, and entire cities.
Most of the “cities” that China is building are known as “special economic zones”. These “special economic zones” are essentially enormous self-sustaining Chinese cities that have been dropped right into some of the most strategic parts of Africa. For example, one of the biggest has been built right next to Lagos, Nigeria…
Next to Lagos, Nigeria, Chinese developers have built a walled-off “special economic zone”–basically a separate city, with separate rules designed to attract investors–based on a model they’ve used inside China for the last 30 years. After Shenzhen became a special economic zone in the 1980s, it went from a small town of 20,000 to, by some counts, 15 million today.
In these “special economic zones”, you will find Chinese factories staffed with Chinese managers that are supervising Chinese workers that are using Chinese equipment to make their products.
And the size of some of these projects is absolutely staggering. Just check out what has been planned for an area along the coast of Tanzania…
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