The Chinese are opportunists when it comes to extracting natural resources from sub-Saharan Africa. They see opportunity where others see chaos, corruption, political strife, and unstable economies, because China needs Africa’s raw materials in order to sustain its economic growth and political stability. This article presents a brief historical overview of the China-Africa investment and trade relationship, and a description of the current state of China’s extraction of natural resources in Africa including what and how much China is extracting from Africa. In addition, the article discusses China’s current trade policies, strategies and methodologies in Africa through an examination of how China uses concessional loans, foreign direct investment, aid, oil strategies and other methodologies to get what it wants from African governments. Finally, this article concludes with a brief forecast of where the relationship is headed in the next ten years.
About the author:
Sanders Moody is currently a career coast guard officer stationed at U.S. Coast Guard Headquarters in Washington, D.C. He holds a bachelor of arts degree from Knox College, juris doctor degree from Loyola University School of Law Chicago, and is currently a graduate student at George Washington University Elliott School of International Affairs, Sigur School for Asian Affairs earning credits toward a master's degree from the U.S. Naval War College in National Security and Strategic Studies.
Image courtesy US Army Africa via Flickr.