IrishBrother
Bubblin' in Dublin
I thought I would start a discussion on Chinas increasing investment in the African continent. Some see it as a good thing, others, like I, are wary.
In all of the centuries, and perhaps even millennia, that Chinese civilizations have been trading across Africa, at no time did they think to establish the kind of permanence that defines their current trade regeme with African as at present. China has outstripped the US and all of the nations of the EU to become Africa’s top trading partner. Commerce between China and Africa stood at $166 billion in 2011, doubling the paltry $82 billion exchanged between Africa and the US that same year. But are African nations getting a fair deal? And what exactly are Chinas plans? Lets investigate.
Let us take a look at the recently Chinese built ghost town in Angola. Kilamba.
BBC News - Angola's Chinese-built ghost town
Here is a google earth image of the uninhabited city. Why spend vast throngs of cash on such a project - when the natives could not afford buy a cup of coffee there, never mind an abode?
This ghost city is just one example of dozens.
Next. Who could they be building the cities for?
Chinese Marriage Crisis - Women Shortage in China - Marie Claire
So the Chinese have 40 million more men than women of marital age. They want Africas resources. Are investing heavily. What better way to solve two problems with one stone? Send the excess males to Africa to put in that work and help extract their resources.
All input and opinions welcome.
In all of the centuries, and perhaps even millennia, that Chinese civilizations have been trading across Africa, at no time did they think to establish the kind of permanence that defines their current trade regeme with African as at present. China has outstripped the US and all of the nations of the EU to become Africa’s top trading partner. Commerce between China and Africa stood at $166 billion in 2011, doubling the paltry $82 billion exchanged between Africa and the US that same year. But are African nations getting a fair deal? And what exactly are Chinas plans? Lets investigate.
Let us take a look at the recently Chinese built ghost town in Angola. Kilamba.
The ghost towns of China, Ireland and Spain - full of large empty house estates - may be a phenomenon that is on its way to Africa.
Built for people who never move in, they leave those who did with a worthless property they cannot sell.
Perched in an isolated spot some 30km (18 miles) outside Angola's capital, Luanda, Nova Cidade de Kilamba is a brand-new mixed residential development of 750 eight-storey apartment buildings, a dozen schools and more than 100 retail units.
Designed to house up to half a million people when complete, Kilamba has been built by the state-owned China International Trust and Investment Corporation (CITIC) in under three years at a reported cost of $3.5bn (£2.2bn).
Spanning 5,000 hectares (12,355 acres), the development is the largest of several new "satellite cities" being constructed by Chinese firms around Angola, and it is believed to be one of the largest new-build projects on the continent.
BBC News - Angola's Chinese-built ghost town
Here is a google earth image of the uninhabited city. Why spend vast throngs of cash on such a project - when the natives could not afford buy a cup of coffee there, never mind an abode?
This ghost city is just one example of dozens.
Next. Who could they be building the cities for?
[In China, a cultural preference for boys has created such a severe gender imbalance that unmarried men will soon outnumber unmarried women by an estimated 40 million. Abigail Haworth reports on the country's looming marriage crisis from the lonely hearts ground zero — a village full of bachelors who may never find wives.
Chinese Marriage Crisis - Women Shortage in China - Marie Claire
So the Chinese have 40 million more men than women of marital age. They want Africas resources. Are investing heavily. What better way to solve two problems with one stone? Send the excess males to Africa to put in that work and help extract their resources.
All input and opinions welcome.