No, it ain't. China is trying to exactly what the Europeans and the Arabs before them did to Africa: collude with weak-ass African leaders to develop itself over the backs of black folks, because of African countries' civilizational disorganization and lack of defense leaves it vulnerable. I can't believe Africans are about to fall for the okie-doke yet again. Did y'all not draw any lessons from the past 500 years or so? I wouldn't be surprised if they're trying to move millions of Chinese over to the Motherland, while they're at it. From the Forum on China-Africa Cooperation: "The so-called 'new colonialism' allegation that China has exploited Africa's resources is unfair, given that China has made great efforts to help the continent's development and benefit its people, a Chinese official said on Thursday."
The article continues: "'Some countries spread the rumour that China has conducted colonialist resource-grabbing in Africa, or the so called 'new colonialism.' It is an unfair accusation,' Sun Zhenyu, chairman of China Society for World Trade Organization Studies, said at the second China Overseas Investment Summit (COIS). 'Oil export to China accounted for 13 percent of Africa's total over the past century and more, while the figures for the United States, and the European Union was 30 percent and 37 percent, respectively,' said Sun, adding that China has helped the continent build more than 2,000 km of railway, over 3,000 km of roads, over 100 schools and more than 60 hospitals."
More: "China pledged 20 billion U.S. dollars of credit line to African countries in July, which will assist the development of infrastructure, agriculture, manufacturing, and small and medium- sized enterprises in the continent. Africa has become one of China's top investment destinations, with more than 2,000 Chinese enterprises investing in the continent. Accumulated investment from China has surpassed 40 billion dollars by the end of 2011."
China: "Calling Us Neo-Colonialists In Africa Is Unfair"
