Whitey Ford
08-06-2019, 01:11 AM
THISDAY investigations revealed that China’s exploitative business model is hinged on economic sabotage and security breaches. Adedayo Adejobi reports
In Nigeria and across Africa, Chinese investments evoke and provoke widespread suspicion of a new form of colonialism as well as praise, but for the most part, their coming and stay, attract undue attention, privileges whilst they flout existing operational guidelines and prevailing business principles by hook or by crook.
As China emerged as a significant world economic power, its own need for natural resources increased. To meet its demand, China is importing vast amounts of resources such as copper and oil from Africa to feed its production of furniture, wood processing, medicine, computers, transportation equipment, and textiles. They have stakes worth billions of dollars in everything from agriculture to construction.
China’s investments in Nigeria’s economy have also hindered political reforms in the country. China’s economic assistance is increasing unemployment and worsening job creation in Africa. In the midst of the investments, exports, and new infrastructure, China is blatantly ignoring its promise to bring about change.
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.
https://www.thisdaylive.com/index.php/2019/08/04/how-china-is-exploiting-nigeria-with-greek-gifts-economic-sabotage/
In Nigeria and across Africa, Chinese investments evoke and provoke widespread suspicion of a new form of colonialism as well as praise, but for the most part, their coming and stay, attract undue attention, privileges whilst they flout existing operational guidelines and prevailing business principles by hook or by crook.
As China emerged as a significant world economic power, its own need for natural resources increased. To meet its demand, China is importing vast amounts of resources such as copper and oil from Africa to feed its production of furniture, wood processing, medicine, computers, transportation equipment, and textiles. They have stakes worth billions of dollars in everything from agriculture to construction.
China’s investments in Nigeria’s economy have also hindered political reforms in the country. China’s economic assistance is increasing unemployment and worsening job creation in Africa. In the midst of the investments, exports, and new infrastructure, China is blatantly ignoring its promise to bring about change.
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.
https://www.thisdaylive.com/index.php/2019/08/04/how-china-is-exploiting-nigeria-with-greek-gifts-economic-sabotage/