- Dec 14, 2011
This is very true and not just Africa.Especially in Africa, where they are in control of minerals and, in effect, the government.
I work in the oil industry and almost without fail wherever my company and others ( including the huge Majors like Exxon , Shell , BP ) go to invest in oil projects ( exploration or production) the Chinese are already there - the whole world.
So if there were some way to cut off the dominance of what they produce domestically, which I doubt there is , they are already well entrenched in all the major industries and economies the world over.
As I think Napster mentioned earlier , certainly in oil they basically ‘loan’ cash to governments and take back the production at source thereby not having to pay inflated prices for it on the open market.
The have such a tight hold and squeeze the whole time