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China Daily Mail


China News

“China is a very aggressive and pernicious economic competitor with no morals. China is not in Africa for altruistic reasons. China is in Africa for China primarily.” This was the argument put forth by a confidential US State Department memo in February 2010, later published by Wikileaks.

The secret memo reinforced Western perceptions, not often publicly voiced, that the reform efforts of their development banks in poor countries are pervasively undermined by China. Rather than accept loans which require salutary political and economic reforms, developing country governments instead plump for cheap, “no strings attached” loans from China. In return, China secures a steady supply of oil and other resources to feed its energy-hungry economy back home.

Strings attached

But scholars of China’s international relations have long argued that the threat is vastly overblown. Now evidence from a new study of Chinese loans to Latin American countries by the Inter-American Dialogue…

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General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

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